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Galena Biopharma (GALE) Registers 10.77M Shares Tied to Warrants

May 24, 2013 4:14 PM EDT Send to a Friend
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Galena Biopharma (NASDAQ: GALE) filed to offer for sale in the "primary offering" of up to 10,771,184 shares of our common stock issuable upon the exercise of our outstanding March 2010, March 2011, April 2011 and December 2012 warrants. The March 2010 warrants are exercisable until September 26, 2016 at an exercise price of $2.20 per share of our common stock. The March 2011 warrants are exercisable until March 4, 2016 at an exercise price of $0.65 per share of our common stock. The April 2011 warrants are exercisable until April 20, 2017 at an exercise price of $0.65 per share of our common stock. The December 2012 warrants are exercisable until December 21, 2017 at an exercise price of $1.90 per share of our common stock.

In addition, the selling securityholder may, from time to time, offer and sell in the “secondary offering” up to 23,857 shares of our common stock issuable upon the exercise of our outstanding warrants held by the selling securityholder. We will not receive any proceeds from the sale of our common stock by the selling securityholder, except for the exercise price of the selling securityholder’s warrants to the extent they are exercised.




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