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Published on 1/30/2015 in the Prospect News PIPE Daily.

Unilife prices $41.25 million public sale of its common stock at $3.75

Bookrunners Jefferies, Piper Jaffray, co-manager Griffin will assist

By Devika Patel

Knoxville, Tenn., Jan. 30 – Unilife Corp. said it priced a $41.25 million public offering of stock with a $6.19 million greenshoe.

The company will sell 11 million common shares at $3.75 apiece. The price per share is a 15.16% discount to the Jan. 29 closing share price of $4.42.

Jefferies LLC and Piper Jaffray & Co. are the bookrunning managers.

Settlement is expected Feb. 4.

Proceeds will be used for investments in Unilife's plant, equipment, systems and personnel to further develop its manufacturing and operational capabilities to satisfy current and future customer orders and general corporate purposes, including working capital, acquisitions and other business opportunities.

The medical device manufacturer is based in York, Pa.

Issuer:Unilife Corp.
Issue:Common shares
Amount:$41.25 million
Greenshoe:$6,187,500
Shares:11 million
Price:$3.75
Warrants:No
Bookrunners:Jefferies LLC and Piper Jaffray & Co.
Co-manager:Griffin Securities, Inc.
Pricing date:Jan. 30
Settlement date:Feb. 4
Stock symbol:Nasdaq: UNIS
Stock price:$4.42 at close Jan. 29
Market capitalization:$425.6 million

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