Spherix (SPEX) Closes $2.6M Common, Warrant Offering
Spherix Inc. (Nasdaq: SPEX) announced the closing of previously reported agreements to sell $2.6 million of shares of its common stock together with warrants to purchase additional shares of its common stock in a private placement transaction. Spherix has issued an aggregate of 483,657 shares of common stock at a price of $5.324 per share along with warrants to purchase an additional 483,657 shares of common stock at an exercise price of $6.53 per share. The warrants shall be exercisable for a period of five years, but will not be effective until approved by the shareholders of the Company.
You May Also Be Interested In
- Alcoa (AA) Prices 25M Mandatory Convertible Preferred Stock Offering
- Silver Bay Realty Trust (SBY) Appoints New Chairman
- Integra LifeSciences (IART) to Acquire Medtronic (MDT) MicroFrance, Xomed Assets in $60M Deal
Create E-mail Alert Related CategoriesCorporate News, Equity Offerings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!