Biodel (BIOD) Closes 37.5M Common Stock Offering

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Biodel Announces Pricing of Public Offering of Common Stock

April 15, 2015 8:01 AM EDT

DANBURY, CT -- (Marketwired) -- 04/15/15 -- Biodel Inc. (NASDAQ: BIOD) today announced that it has priced a public offering of 32,608,696 shares of its common stock at a price of $0.92 per share. The offering is expected to close on April 20, 2015, subject to customary closing conditions. In addition, Biodel has granted the underwriters a 30-day option to purchase up to 4,891,304 additional shares of common stock to cover over-allotments, if any.

William Blair and Ladenburg Thalmann are acting as joint book-running managers for the offering. Roth Capital Partners is acting as co-manager.

The gross... More