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Stock impact report

Applied DNA Announces Closing of $3.44 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules [Yahoo! Finance]

Applied DNA Sciences, Inc. (APDN) 
Last applied dna sciences, inc. earnings: 8/10 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
announced that it has closed its previously announced registered direct offering of its common stock priced at-the-market under Nasdaq rules with certain existing institutional investors (collectively the "Holders") for the sale of an aggregate of 5,644,061 of its shares of common stock (or prefunded warrants in lieu thereof) at a purchase price of $0.609 per share. In a concurrent private placement, the Company further agreed to issue to the Holders unregistered warrants to purchase up to an aggregate of 11,288,122 shares of its common stock. The warrants have an exercise price of $0.609 per share, are exercisable on the first trading day after receipt of stockholder approval, and expire on the five-year anniversary of the date of stockholder approval. The warrants cannot be exercised until their terms have been approved by the Company's stockholders at a stockholders meeting. Under the terms of the securities purchase agreements with the Holders, the Company has also amended the Show less Read more
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