NightHawk Biosciences Inc (NHWK)

[patentminer2013]

Ruff,

You keep saying the warrants are holding the stock back but I don't see why you would think that. These shares were issued a year ago and the stock has been well over a dollar (which is where I think the warrants are priced) and there are only 6 million of them. There have been many days of huge volume that could have taken those shares out months ago. So unless you can explain why a year later you think 6.8 million warrants are holding the stock back you might want to look elsewhere.

Pm



DURHAM, N.C., March 23, 2016 (GLOBE NEWSWIRE) -- Heat Biologics, Inc. (“Heat”) (Nasdaq:HTBX), an immuno-oncology company developing novel therapies that activate a patient’s immune system against cancer, announced the closing of its previously announced underwritten public offering of 9,100,000 shares of its common stock and warrants to purchase up to an aggregate of 6,825,000 shares of its common stock at a combined public offering price of $0.75 per share and related warrant. Each share of its common stock was sold together with a warrant to purchase 0.75 of a share of its common stock. The gross proceeds from this offering were approximately $6.8 million, before deducting the underwriting discount and estimated offering expenses payable by Heat, but excluding proceeds from the exercise of any warrants.