By Devika Patel
Knoxville, Tenn., Jan. 13 - Rosetta Genomics Ltd. said it arranged a $5.06 million registered direct offering of units.
The company will sell 2.53 million units of one common share and a half-share warrant at $2.00 apiece.
The whole warrants are exercisable at $2.50 for five years.
Rodman & Renshaw, LLC is the agent.
Settlement is expected on Jan. 19.
Proceeds will be used for general corporate purposes.
The Rehovot, Israel, biopharmaceutical company develops microRNA-based therapeutic and diagnostic agents with a focus on cancer and infectious diseases.
Issuer: | Rosetta Genomics Ltd.
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Issue: | Units of one common share and a half-share warrant
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Amount: | $5.06 million
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Units: | 2.53 million
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Price: | $2.00
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Five years
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Warrant strike price: | $2.50
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Agents: | Rodman & Renshaw, LLC
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Pricing date: | Jan. 13
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Settlement date: | Jan. 19
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Stock symbol: | Nasdaq: ROSG
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Stock price: | $3.09 at close Jan. 6
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Market capitalization: | $43.8 million
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