DSCO Discovery Labs does $14.25 Mln Stock Offer $1.50
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Discovery Laboratories, Inc. (DSCO: Quote) said Friday that it has priced an underwritten public offering of 9.5 million shares of its common stock, at a price to the public of $1.50 per share for gross proceeds of $14.25 million.
Net proceeds, after underwriting discount and other estimated fees and expenses payable by the Company, are expected to be about $13.2 million.
The offering is expected to close on or about May 15.
In addition, the underwriter has been granted a 30-day option to purchase up to an additional 1.425 million shares of common stock to cover over-allotments, if any.
by RTT Staff Writer
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