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Thursday, October 08, 2009 3:52:12 PM
On September 29, 2009, holders of Vermillion’s Common Stock Purchase Warrants, originally issued August 29, 2007 (the “Warrants”), exercised 1,209,510 of their outstanding Warrants at an exercise price of $9.25 per share. In connection with the exercises, the holders agreed to pay Vermillion $1,522,328, and Vermillion issued 493,536 shares of Common Stock par value $0.001. Of the shares issued, 164,576 are restricted shares and subject to the resale limitations of Rule 144 under the Securities Act of 1933, as amended, and 328,960 are freely tradable. All 1,209,510 of the exercised Warrants were extinguished in full.
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