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1.75529331956547E-16 1.75529331956547E-16 1.75529331956547E-16 1.75529331956547E-16 1.75529331956547E-16 1.75529331956547E-16 1.75529331956547E-16 1.75529331956547E-16
Stock impact report

Avid Bioservices Announces Closing of Public Offering of Common Stock

Avid Bioservices, Inc. (CDMO) 
Last avid bioservices, inc. earnings: 3/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.avidbio.com
Company Research Source: GlobeNewswire
TUSTIN, Calif., Feb. 20, 2018 (GLOBE NEWSWIRE) -- Avid Bioservices, Inc. (NASDAQ:CDMO) (NASDAQ:CDMOP) today announced the closing of its previously announced underwritten public offering of 10,294,445 shares of its common stock, including 1,294,445 shares sold pursuant to the underwriters’ exercise of their option to purchase additional shares.  The offering price was $2.25 per share, and the gross proceeds from the offering were $23,162,501, before deducting underwriting discounts and commissions and estimated offering expenses payable by Avid Bioservices.  Avid Bioservices intends to use the net proceeds from the offering for the expansion of its contract manufacturing business and general corporate purposes. Wells Fargo Securities acted as sole book-running manager.  H.C. Wainwright & Co. and Roth Capital Partners acted as co-managers. The shares described above were offered pursuant to a shelf registration statement on Form S-3 previously filed with and subsequently declared e Show less Read more
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