By Devika Patel
Knoxville, Tenn., June 3 - Oragenics, Inc. said it plans a $2.6 million private placement of stock with investor George T. Hawes, the company's largest shareholder.
The company will sell common shares at $0.45 per share to Hawes, along with an equal number of five-year warrants, exercisable at $1.30.
Settlement is expected June 12.
Oragenics is an Alachu, Fla.-based biopharmaceutical company.
| Issuer: | Oragenics Inc.
|
| Issue: | Stock
|
| Amount: | $2.6 million
|
| Price: | $0.45
|
| Warrants: | One warrant per share
|
| Warrant expiry: | Five years
|
| Warrant strike price: | $1.30
|
| Investor: | George T. Hawes
|
| Pricing date: | June 3
|
| Settlement date: | June 12
|
| Stock symbol: | Amex: ONI
|
| Stock price: | $0.50 at close June 2
|
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