Arrowhead Research (ARWR) to Offer 1.65M Common at $2.12/Share
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Arrowhead Research Corporation (NASDAQ: ARWR) today announced that it has priced a public offering of approximately 1.65 million units at a price to the public of $2.12 per unit. The Company has received commitments for approximately $3.5 million in gross proceeds. The sale of the units is expected to close on or about January 30, 2013, subject to the satisfaction of customary closing conditions. Each unit consists of one share of common stock and one warrant to purchase 0.50 of a share of common stock.
Arrowhead intends to use the net proceeds of this offering for general corporate purposes, including working capital, research and development expenditures, clinical trial expenditures, and capital expenditures.
Arrowhead intends to use the net proceeds of this offering for general corporate purposes, including working capital, research and development expenditures, clinical trial expenditures, and capital expenditures.
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