New Issue: Opko completes $31 million private placement of restricted common shares

By Devika Patel

Knoxville, Tenn., June 1 - Opko Health, Inc. completed a $31 million private placement of stock in tranches on May 26, May 29 and June 1, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 31 million restricted common shares at $1.00 per share.

The investors include Oracle Partners, LP, for $4 million, Oracle Institutional Partners, LP, for $1 million, Vector Group Ltd., for $5 million, Nora Real Estate SA, for $1 million, Chung Chia Co. Ltd., for $9.5 million, Grandtime Associates Ltd., for $6 million, and Gold Sino Assets Ltd., for $4.5 million.

Based in Miami, Opko is a health care company.

Issuer:	Opko Health, Inc.
Issue:	Restricted common shares
Amount:	$31 million
Shares:	31 million
Price:	$1.00
Warrants:	No
Investor:	Oracle Partners, LP (for $4 million), Oracle Institutional Partners, LP (for $1 million), Vector Group Ltd. (for $5 million), Nora Real Estate SA (for $1 million), Chung Chia Co. Ltd. (for $9.5 million), Grandtime Associates Ltd. (for $6 million) and Gold Sino Assets Ltd. (for $4.5 million)
Settlement date:	June 1
Stock symbol:	Amex: OPK
	Stock price:	$1.20 at close June 1
Market capitalization:	$265 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.