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Soligenix Inc Closes $7.1 Million Public Offering

Wednesday, 26 Jun 2013 07:15am EDT 

Soligenix Inc announced that on June 25, 2013 it closed its previously announced registered public offering. The Company raised gross proceeds of approximately $7.1 million in the offering and intends to use the net proceeds from the offering to further develop its product candidates and for general working capital purposes. The final amount of securities issued in the offering consisted of 6,773,995 shares of Company common stock and five-year warrants to purchase up to 5,080,500 shares of Company common stock. Maxim Group LLC served as the lead placement agent for the offering and Griffin Securities, Inc. acted as a sub-agent for the offering. 

Company Quote

-0.096 -4.58%
2:09pm EDT