Atossa Genetics To Raise Up To $2.9M In Equity Offering
Edison | Sep 02, 2016 08:13AM ET
Atossa Genetics Inc. (NASDAQ:ATOS) plans to raise up to $2.9m in an equity offering of 1.15m shares, priced at $2.50 per share (a 29% discount to the 30 August 2016 market close of $3.45). The proceeds should help fund Atossa’s two active breast cancer therapeutic development programs, intraductal microcatheter (IDMC) administered fulvestrant and oral endoxifen.
Atossa recently announced a proposed equity offering of 1.15m shares, and on 31 August it priced the offering at $2.50 per share, bringing the maximum total gross proceeds to $2.875m, excluding over-allotments.
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Atossa Genetics - Atossa To Raise Up To $2.9M In Equity Offering
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