Nanotechnology
Arrowhead Announces $16.5 Million Investment by Institutional Investors
Published in Law and Health Weekly, June 9th, 2007
Arrowhead Research Corporation, (NASDAQ:ARWR), announced that it has entered into definitive agreements to sell 2,849,446 units consisting of restricted common stock and warrants to purchase restricted common stock to a large institutional money manager, York Capital Management and select accredited investors. Global Crown Capital, LLC acted as the exclusive placement agent for the private placement.
The capital is expected to be used primarily to expand operations at Arrowhead's majority-owned subsidiary, Unidym, and to make new investments in nanotechnology ventures. Unidym recently merged with Carbon Nanotechnologies, Inc., a world leader in carbon nanotube...
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