Soligenix (NASDAQ:SNGX) on Friday priced the general public providing of frequent inventory and warrants to boost about $8.5 million.
The corporate priced the providing of 6,538,500 shares and warrants to buy as much as 6,538,500 shares at a mixed value of $1.30 per share and accompanying warrant.
The warrants may have an train value of $1.50 per share, will probably be exercisable instantly and can expire 5 years from the issuance date.
The corporate intends to make use of the proceeds to fund its analysis and growth and commercialization actions and for normal company and dealing capital functions.
A.G.P./Alliance International Companions is appearing as the only real placement agent for the providing.
Press Launch.
Shares -48.5% at $1.18.
