DVAX $1.39 ~>Dynavax Raises $44 Million Through Public Offering of Common Stock and Warrants Transaction Expected to Close April 16, 2010
DVAX 1.39 0.00
BERKELEY, CA--(Marketwire - 04/13/10) - Dynavax Technologies Corporation (NASDAQ:DVAX - News) today announced the pricing of an underwritten offering resulting in gross proceeds of $44 million, before deducting estimated offering expenses. 30,293,000 units are being sold at a per unit price of $1.4525. Each unit consists of one share of common stock and one warrant to purchase 0.5 of a share of common stock. Each warrant has an exercise price of $1.50 per share and is exercisable for a period of five years from the date of issuance.