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biocqr

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Re: biocqr post# 211377

Monday, 06/26/2017 7:23:45 PM

Monday, June 26, 2017 7:23:45 PM

Post# of 251816
SELB > up 12% today on $50M private placement...

Selecta Biosciences Announces $50 Million Private Placement

http://www.nasdaq.com/press-release/selecta-biosciences-announces-50-million-private-placement-20170626-00378


Certain new and existing institutional investors have agreed to purchase an aggregate of 2,750,000 shares of common stock at a price of $16.00 per share. Additionally, a member of the company's Board of Directors has agreed to purchase, for an aggregate purchase price of approximately $6 million, 338,791 shares of common stock and warrants to purchase 79,130 shares of common stock at an exercise price of $17.71. The closing of the offering is subject to certain conditions and is expected to occur on June 27, 2017.
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