Dyax Corp. (DYAX)

[surf1944]

7:17AM Dyax prices registered direct offering with RA Capital Management, Venrock, Federated Investors and one other institutional investor for gross proceeds of ~ $30 mln; offering was priced at $2.30 per share (DYAX) 2.31 : A total of 8,901,675 million shares of common stock and 41,418 shares of Series 1 convertible preferred stock are expected to be issued at closing. Each share of Series 1 convertible preferred stock was priced at $230 and is convertible into 100 shares of common stock.