back in GENR for swing at .56 will move back up soon
Genaera Completes $25.1 Million Financing Friday June 30, 4:30 pm ET
PLYMOUTH MEETING, Pa., June 30 /PRNewswire-FirstCall/ -- Genaera Corporation (Nasdaq: GENR - News) announced today that it has closed its previously disclosed registered direct offering. The Company sold 35,589,972 shares of its common stock and warrants to purchase 26,692,477 million shares of its common stock at a purchase price of $0.70385 per unit for aggregate gross proceeds of $25.1 million. The warrants have an exercise price of $0.6101. Banc of America Securities LLC acted as lead placement agent and Fortis Securities LLC acted as co-placement agent for the offering. ADVERTISEMENT
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission. A prospectus and prospectus supplement relating to this transaction may be obtained directly from the Company or from the U.S. Securities and Exchange Commission at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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