New Issue: Vermillion completes $43.05 million private placement of common stock

By Devika Patel

Knoxville, Tenn., Jan. 12 - Vermillion, Inc. settled a $43.05 million private placement of shares on Jan. 7, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The placement, which priced Dec. 24, is part of the company's exit from bankruptcy.

The company sold 2,327,869 common shares at $18.4932 apiece.

Fremont, Calif.-based Vermillion specializes in the discovery, development and commercialization of novel high-value diagnostic tests that help physicians diagnose, treat and improve outcomes for patients.

Issuer:	Vermillion, Inc.
Issue:	Common shares
Amount:	$43,049,858
Shares:	2,327,869
Price:	$18.4932
Warrants:	No
Pricing date:	Dec. 24
Settlement date:	Jan. 7
Stock symbol:	Pink Sheets: VRMLQ
Stock price:	$22.00 at close Dec. 24
Market capitalization:	$147 million

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