We should see a very nice spike
Galena Biopharma (GALE -17.3%) prices its public offering of 24,358,974 units at $1.56 per unit. Each unit consists of one share of common stock and a warrant to purchase one half of a share of common stock at an exercise price of $2.08. Underwriters over-allotment is an additional 3,653,846 shares of stock and warrants to purchase up to 1,826,923 shares. Closing date is March 18.