Company sells 35,576,568 common shares at $0.04336, a 13.28% discount
By Devika Patel
Knoxville, Tenn., June 26 - Applied DNA Sciences, Inc. raised $1.54 million in a private placement of common stock on June 21, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 35,576,568 shares at $0.04336 per share, which is a 13.28% discount to the June 20 closing share price of $0.05 and also a 20% discount to the average volume-weighted average price of the stock for the 10 trading days preceding settlement, the company said in the filing.
Stony Brook, N.Y.-based Applied DNA Sciences provides patented DNA-based technologies to prevent and identify counterfeits.
| Issuer: | Applied DNA Sciences, Inc.
|
| Issue: | Common stock
|
| Amount: | $1,542,600
|
| Shares: | 35,576,568
|
| Price: | $0.04336
|
| Warrants: | No
|
| Settlement date: | June 21
|
| Stock symbol: | OTCBB: APDN
|
| Stock price: | $0.05 at close June 20
|
| Market capitalization: | $32.53 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
