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Tonix Pharmaceuticals Holding Corp prices underwritten public offering raising $43.5 mln

Friday, 24 Jan 2014 08:20am EST 

Tonix Pharmaceuticals Holding Corp:Prices underwritten public offering of 2,898,550 shares of its common stock at a price of $15.00 per share.Says company has also granted to the underwriters a 45-day option to acquire an additional 434,782 shares to cover over allotments in connection with the offering.Says after the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of about $40.7 mln, assuming no exercise of the over allotment option.Says offering is expected to close on Jan. 29 subject to customary closing conditions. 

Company Quote

-0.36 -2.66%
17 Sep 2014