Organovo Holdings, Inc. (ONVO)

[Alvie]

OCT 25 Notice:

"On October 25, 2016, Organovo Holdings, Inc., a Delaware corporation (the “Company”), closed the issuance and sale of 10,065,000 shares (the “Offering”) of the Company’s common stock, par value $0.001 per share ( “Common Stock”), which included 1,065,000 shares of Common Stock issued pursuant to the partial exercise of the Underwriters’ option to purchase additional shares. The Offering was effected pursuant to an Underwriting Agreement (the “Underwriting Agreement”), dated October 20, 2016, with Jefferies LLC (the “Representative”), acting as representative of the underwriters named in the Underwriting Agreement (the “Underwriters”). The price to the public in the Offering was $2.75 per share, and the Underwriters purchased the shares from the Company pursuant to the Underwriting Agreement at a price of $2.585 per share.

The net proceeds to the Company from the Offering were approximately $25,600,000, after deducting underwriting discounts and commissions and estimated expenses payable by the Company."

Underwriters getting 1.065 MM shares at 0..30/share below today's closing price. Won't be long before they dump for $320,000 profit.