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Rosetta may raise $14.4 million through at-the-market equity offering
Deal arranged with Cantor Fitzgerald; proceeds fund corporate purposes
By Devika Patel
Knoxville, Tenn., Feb. 18 – Rosetta Genomics Ltd. negotiated a $14.4 million at-the-market equity offering with agent Cantor Fitzgerald & Co., according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission.
The ordinary stock is to be sold on a commercially reasonable efforts basis.
Cantor will be paid a 5% commission.
Proceeds will be used for general corporate purposes, including debt repayment or refinancing, working capital, intellectual property protection and enforcement, capital expenditures, investments, acquisitions or collaborations, research and development and product development.
Based in Rehovot, Israel, Rosetta Genomics develops and provides microRNA-based molecular diagnostics.
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