CombiMatrix Announces $4.9 Million Registered Direct Offering
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CombiMatrix (CBMX) Enters 1.54M Common Direct Placement at $1.75/Share
February 13, 2015 12:15 PM ESTCombiMatrix (NASDAQ: CBMX) has entered into an agreement to issue securities in a registered direct offering to accredited institutional pre-existing investors that will result in gross proceeds to the Company totaling $4.9 million.
The Company entered into a definitive purchase agreement with such investors pursuant to which the Company has agreed to sell up to 1,542,000 shares of common stock at a negotiated price of $1.75 per share and up to 2,201.50 units consisting of Series E convertible preferred stock and warrants. Each unit consists of one share of Series E convertible preferred stock and a warrant to... More
