By Sheri Kasprzak
New York, Dec. 14 - Discovery Laboratories, Inc. said it has received commitments for a $20.01 million direct placement.
The company intends to sell 3 million shares at $6.67 each to a group of institutional investors.
The shares will be sold under Discovery's shelf registration.
The deal is set to close Dec. 19.
SG Cowen & Co., LLC is the placement agent.
Based in Warrington, Pa., Discovery Laboratories is a biotechnology company focused on treatments for respiratory diseases.
| Issuer: | Discovery Laboratories, Inc.
|
| Issue: | Stock
|
| Amount: | $20.01 million
|
| Shares: | 3 million
|
| Price: | $6.67
|
| Warrants: | No
|
| Placement agent: | SG Cowen & Co., LLC
|
| Announcement date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Stock price: | $7.35 at close Dec. 13
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
