Applied DNA Sciences Inc (APDN)

[apdn1mill]

Thanks.

It's $10.55 per share

On October 28, 2014, we entered into a warrant repurchase option agreement with an investor, pursuant to which we have the option to purchase between 50% and 100% of the investor’s Series B Warrant (currently exercisable for 387,621 shares of common stock) at a purchase price of $10.55 per share underlying such Series B Warrant (up to an aggregate purchase price of $4,091,000 for all of the Series B Warrant). In the event we desire to repurchase less than 100% of the Series B Warrant, we will require the consent of the investor at the time of such repurchase. The purchase option expires on November 22, 2014. To the extent all or a portion of the Series B Warrant is not repurchased by us, the proceeds will be used for working capital.

Read more: http://www.nasdaq.com/markets/spos/company/applied-dna-sciences-inc-7266-76618#ixzz3IElBaqK7