New Issue: Advanced Life Sciences plans $19.36 million stock placement

By Laura Lutz

Des Moines, Dec. 12 - Advanced Life Sciences Holdings, Inc. arranged a private placement of stock for $19.36 million.

The company agreed to sell 10,191,083 shares at $1.90 apiece. The investors will also receive warrants for 5,095,542 shares.

The warrants will be exercisable at $2.15 per share for five years.

Lazard Freres & Co. LLC is the lead placement agent with Susquehanna Financial Group LLLP and CRT Capital Group LLC as co-placement agents.

Advanced Life Sciences is a biopharmaceutical company based in Woodbridge, Ill.

Issuer:	Advanced Life Sciences Holdings, Inc.
Issue:	Common stock
Amount:	$19,363,058
Shares:	10,191,083
Price:	$1.90
Warrants:	For 5,095,542 shares
Warrant expiration:	Five years
Warrant strike price:	$2.15
Agents:	Lazard Freres & Co. LLC (lead), Susquehanna Financial Group LLLP, CRT Capital Group LLC
Pricing date:	Dec. 10
Settlement date:	Dec. 13
Stock symbol:	Nasdaq: ADLS
Stock price:	$1.90 at Dec. 10

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