Applied DNA Sciences Announces Proposed Public Offering
Get Alerts APDN Hot Sheet
Join SI Premium – FREE
STONY BROOK, NY -- (Marketwired) -- 03/26/15 -- Applied DNA Sciences, Inc. (NASDAQ: APDN) (NASDAQ: APDNW) (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology, supply chain and product authentication solutions, announced that it intends to offer shares of common stock and warrants to purchase common stock in an underwritten public offering. Maxim Group LLC will serve as the sole book runner for the offering with The Benchmark Company acting as Co-Manager. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures, business development and research and development and acquisitions of new technologies or businesses.
A preliminary prospectus supplement will be filed with the Securities and Exchange Commission and will be available at the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement may be obtained by contacting Maxim Group LLC by telephone at 212.895.3745 or by e-mail at [email protected].
The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 2, 2015.
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Applied DNA Sciences
We make life real and safe by providing botanical-DNA based security and authentication solutions and services that can help protect products, brands, entire supply chains, and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA describes the platform ingredient that is at the heart of all of our security and authentication solutions. SigNature DNA is at the core of a family of uncopyable products such as DNAnet®, our anti-theft product, SigNature® T, targeted toward textiles, and digitalDNA®, providing powerful track and trace. All provide a forensic chain of evidence and can be used to prosecute perpetrators.
Applied DNA Sciences common stock is listed on NASDAQ under the symbol APDN, and its warrants are listed under the symbol APDNW.
Forward-Looking Statement
The statements made by APDN in this press release may be "forward-looking" in nature within the meaning of the Private Securities Litigation Act of 1995. Forward-looking statements describe APDN's future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of APDN. Actual results could differ materially from those projected due to our short operating history, limited financial resources, limited market acceptance, market competition and various other factors detailed from time to time in APDN's SEC reports and filings, including our Annual Report on Form 10-K filed on December 15, 2014, as amended on March 6, 2015 and our subsequent quarterly report on Form 10-Q filed on February 9, 2015 which are available at www.sec.gov. APDN undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events, unless otherwise required by law.
investor contact: Debbie Bailey 631-240-8817 [email protected] contact: Enrique Briz Dian Griesel Int'l. 212-825-3210 [email protected]: www.adnas.com twitter: @APDN
Source: Applied DNA Sciences
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ContextLogic (WISH) Urges Stockholders to Vote FOR the Value Maximizing Transaction with Qoo10 TODAY
- TScan Therapeutics, Inc (TCRX) Announces Pricing of Upsized $150 Million Public Offering
- After-hours movers: United Airlines, J.B. Hunt, and more
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Twitter, Maxim Group, The Benchmark CompanySign 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!