Financing

Geron Corporation Announces Exercise of Warrants for $15.0 Million of Proceeds

Published in Proteomics Weekly, March 12th, 2007

Geron Corporation (Nasdaq:GERN) announced the exercise of warrants to purchase 1,875,000 shares of common stock at $8.00 per share for gross proceeds of $15.0 million. The exercised warrants were issued to institutional investors in connection with the financing announced in December 2006 and had an expiration date of February 28, 2007.

In conjunction with this warrant exercise, the company issued to the institutional investors new warrants to purchase 1,125,000 shares of common stock, at a premium, exercisable from June 2007. The new warrants are substantially the same as the A Warrants issued in the December financing.

Geron is a biopharmaceutical...

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Source: Proteomics Weekly (2007-03-12)

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