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MabVax now announces plans to sell public offering of 2,189,781 units
Bookrunner Laidlaw raises funds for general corporate purposes
By Devika Patel
Knoxville, Tenn., Sept. 28 – MabVax Therapeutics Holdings, Inc. will sell 2,189,781 units in its public offering with a 30-day greenshoe of 164,234 units, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The company has registered up to $5.52 million of underlying stock for the deal, which was announced as a stock sale on June 8.
The units consist of one share and a half-share warrant; the warrants will exercisable at 120% of the per-unit price.
Laidlaw & Co. (UK) Ltd. is the bookrunning manager.
Proceeds will be used for working capital and general corporate purposes.
The biopharmaceutical company is based in San Diego.
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