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Eleven Biotherapeutics Announces Pricing of $10.0 Million Offering Priced At-the-Market

ELEVEN BIOTHERAPEUTICS (EBIO)  More Company Research Source: Business Wire
Last eleven biotherapeutics earnings: 5/15 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.elevenbio.com/investor-relations
PDF CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Eleven Biotherapeutics, Inc. (NASDAQ:EBIO), a late-stage clinical company advancing next-generation antibody-drug conjugate (ADC) therapies for the treatment of cancer, today announced that it has entered into a definitive agreement with several institutional and accredited investors for the purchase of 7,968,128 shares of its common stock, at a purchase price per share of $1.13, for gross proceeds of approximately $9.0 million, in a registered direct offering priced at-the-market. Additionally, Eleven Biotherapeutics has also agreed to issue to the investors unregistered warrants to purchase up to 7,968,128 shares of common stock, at a purchase price per warrant of $0.125, for gross proceeds of approximately $1.0 million. The warrants have an exercise price of $1.20 per share, will be immediately exercisable, and will expire five years from the issue date. [Read more]

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