New Issue: Arrowhead Research corrects amount for $1.86 million placement of units

By Devika Patel

Knoxville, Tenn., July 21 - Arrowhead Research Corp. revised the amount it said it raised in a private placement of units that settled on Friday. The company took in $1.86 million, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal priced for up to $2.13 million on July 10, and the company said on Friday that it raised $2.28 million.

The company sold 6,197,500 units of one common share and one warrant at $0.30 per unit. Each warrant will be exercisable at $0.50 until June 30, 2014.

Located in Pasadena, Calif., Arrowhead develops nanotechnology used in life sciences, electronics and energy.

Issuer:	Arrowhead Research Corp.
Issue:	Units of one common share and a warrant
Amount:	$1,859,250
Units:	6,197,500
Price:	$0.30
Warrants:	One warrant per unit
Warrant expiration:	June 30, 2014
Warrant strike price:	$0.50
Pricing date:	July 10
Settlement date:	July 17
Stock symbol:	Nasdaq: ARWR
Stock price:	$0.35 at close July 9
Market capitalization:	$14.4 million

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