By Devika Patel
Knoxville, Tenn., June 18 - Dyax Corp. arranged a $2.5 million private placement of stock on June 18, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 636,132 common shares to Sigma-Tau SpA at $3.93 per share, a 50% premium to the June 18 closing stock price of Dyax.
Dyax is a pharmaceutical company based in Cambridge, Mass.
| Issuer: | Dyax Corp.
|
| Issue: | Common stock
|
| Amount: | $2.5 million
|
| Shares: | 636,132
|
| Price: | $3.93
|
| Warrants: | No
|
| Investor: | Sigma-Tau SpA
|
| Pricing date: | June 18
|
| Stock symbol: | Nasdaq: DYAX
|
| Stock price: | $2.62 at close June 18
|
| Market capitalization: | $256 million
|
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