Medgenics (MDGN) Prices 5.6M Stock and Warrant Offering at $5.25/Combo

February 8, 2013 7:37 AM EST
Get Alerts MDGB Hot Sheet
Trade MDGB Now!
Join SI Premium – FREE
Medgenics, Inc. (NYSE: MDGN) today announced that it has priced an underwritten public offering of 5,600,000 shares of common stock and Series 2013-A warrants to purchase up to an aggregate of 2,800,000 shares of common stock at an initial exercise price of $6.78. The shares and the warrants will be sold together as a fixed combination, each consisting of one share of common stock and a warrant to purchase one-half of a share of common stock, at a price to the public of $5.25 per fixed combination. The shares of common stock and warrants will be issued separately. Gross proceeds to Medgenics will be $29,400,000. The offering is expected to close on February 13, 2013, subject to customary closing conditions.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Equity Offerings

Add Your Comment