Deal settles alongside company's $60 million initial public offering
By Devika Patel
Knoxville, Tenn., Nov. 30 - Anacor Pharmaceuticals, Inc. announced it completed a private placement of stock. It raised $10 million.
The company sold 2 million common shares at $5.00 per share. The price per share reflects a 0.6% discount to the Nov. 29 closing share price of $5.03.
The company also said it has completed a $60 million initial public offering of stock at the same price per share.
The pharmaceutical company is based in Palo Alto, Calif.
| Issuer: | Anacor Pharmaceuticals, Inc.
|
| Issue: | Common stock
|
| Amount: | $10 million
|
| Units: | 2 million
|
| Price: | $5.00
|
| Warrants: | No
|
| Settlement date: | Nov. 30
|
| Stock symbol: | Nasdaq: ANAC
|
| Stock price: | $5.00 at close Nov. 30
|
| Market capitalization: | $7.46 million
|
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