Published in Anti-Infectives Week, April 12th, 2004
In this private placement, MacroChem issued 5,402,000 shares of common stock, at a per share purchase price of $1.35. The investors also received 5-year warrants to purchase 1,080,400 shares of the company's common stock at an exercise price of $2.09 per share. The company has agreed to file a registration statement on Form S-3 covering the resale of the common stock sold and the shares issuable upon exercise of the warrants.
JMP Securities, LLC, a San Francisco, California-based...
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