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Aytu registers $26.75 million of stock with warrants for public sale
The five-year warrant to be exercisable at 125% of the per-share price
By Devika Patel
Knoxville, Tenn., March 11 – Aytu BioScience, Inc. will price a public offering of common stock and warrants with a 45-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $26.75 million of underlying stock for the deal.
Each five-year warrant will be exercisable at 125% of the per-share price.
Joseph Gunnar & Co. and Fordham Financial Management are the bookrunners.
Proceeds will be used for sales force expansion, clinical development, working capital and general corporate and administrative expenses.
The health care company is based in Englewood, Colo.
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