Medgenics Inc Announces Closing Of Public Offering Of Common Stock And Warrants

Medgenics Inc announced closing of an underwritten public offering of 5,600,000 shares of common stock and Series 2013-A warrants to purchase up to an aggregate of 2,800,000 shares of common stock. The shares and the warrants were sold together as a fixed combination, each consisting of one share of common stock and a warrant to purchase one-half of a share of common stock, at a price to the public of $5.25 per fixed combination. The shares of common stock and warrants were issued separately. The warrants have an initial exercise price of $6.78, are currently exercisable and will expire on February 13, 2018. Gross proceeds to Medgenics were $29,400,000, before deducting underwriting discounts and commissions and other offering expenses payable by Medgenics. In addition, Medgenics granted the underwriters a 45-day option to purchase up to an aggregate of 840,000 additional shares of common stock and/or additional warrants to purchase up to an aggregate of 420,000 shares of common stock. Maxim Group LLC acted as sole book-running manager for the offering. National Securities Corporation and MLV & Co. acted as co-managers for the offering. Nomura Code Securities Limited and SVS Securities Plc acted as sub-agents to the offering in Europe.