By Devika Patel
Knoxville, Tenn., July 7 - Oragenics, Inc. said it will complete a $2 million private placement of stock. The company will receive $1 million in cash at closing on July 31 and $1 million through the cancellation of a $1 million promissory note.
The company will sell 5 million common shares at $0.40 apiece to the Koski Family LP.
Oragenics is an Alachu, Fla.-based biopharmaceutical company.
| Issuer: | Oragenics, Inc.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 5 million
|
| Price: | $0.40
|
| Warrants: | No
|
| Investor: | Koski Family LP
|
| Pricing date: | July 7
|
| Settlement date: | July 31
|
| Stock symbol: | Amex: ONI
|
| Stock price: | $0.35 at close July 6
|
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