Immunicon Corp files for $75 million mixed shelf
Wed Aug 22, 2007 4:56PM EDT
WASHINGTON, Aug 22 (Reuters) - Immunicon Corp (IMMC.O: Quote, Profile, Research) filed with regulators on Wednesday to periodically sell up to $75 million in debt securities, common and preferred stock, and other securities.
The drug developer said in a registration statement with the U.S. Securities and Exchange Commission that it will use the proceeds for working capital and other other corporate purposes.
Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Karey Wutkowski)
surf's up......crikey
