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Oxigene underwriters exercise greenshoe for 975,000 shares, raising offering to $27.3 million
By Angela McDaniels
Seattle, Dec. 21 - Oxigene Inc. said that the underwriters of its recent upsized follow-on offering of common stock exercised their 975,000 share over-allotment option in full, raising the off-the-shelf deal to $27,283,750.
Oxigene originally planned to sell 6 million shares at $4.30 each, but priced 6.5 million for $3.65 each on Dec. 15. The company said it now has roughly 28 million shares outstanding.
SG Cowen & Co. LLC was bookrunner for the offering, and Lazard Capital Markets LLC acted as co-lead manager.
Oxigene is a pharmaceutical company based in Waltham, Mass., that develops products to treat cancer and eye diseases.
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