Biotech Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Biotech Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Acusphere, Inc.
Acusphere prices common stock and warrant offering
May 8th, 2006
Acusphere, Inc., (ACUS) has entered into definitive agreements with institutional investors to raise $37.7 million in net proceeds, after deducting placement agent fees and estimated offering expenses, in a "registered direct" offering through the sale of shares of its common stock and warrants. Acusphere has entered into subscription agreements with these investors pursuant to which it has agreed to sell a total of 5,772,004 units, each unit consisting of (i) one share of common stock and (ii) one warrant to purchase 0.3 shares of common stock at an exercise price of $7.97 per share, for a purchase price of $6.9675 per unit. Units will not be issued or...
Source: Biotech Week (2006-05-08)
|
