H.C. Wainwright will be the bookrunning manager for the financing
By Devika Patel
Knoxville, Tenn., Feb. 12 - Oxigene Inc. said it will raise about $12 million in a public sale of units.
The company will sell units of one common share and a half-share warrant at $2.05 per unit. The whole warrants are exercisable at $2.75 for five years. The strike price is a 0.36% discount to the Feb. 11 closing share price of $2.76.
Settlement is expected Feb. 18.
H.C. Wainwright & Co., LLC is the bookrunning manager.
Oxigene is a pharmaceutical company located in South San Francisco, Calif.
| Issuer: | Oxigene Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $12 million (approximate)
|
| Price: | $2.05
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.75
|
| Bookrunner: | H.C. Wainwright & Co., LLC
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 18
|
| Stock symbol: | Nasdaq: OXGN
|
| Stock price: | $2.76 at close Feb. 11
|
| Market capitalization: | $6.39 million
|
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