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Stock impact report

ImmuCell Corporation Announces Closing of $9 Million Public Offering of Common Stock

ImmuCell Corporation (ICCC) 
US:NASDAQ Investor Relations: immucell.com/investors
Company Research Source: GlobeNewswire
PORTLAND, Maine, March 29, 2019 (GLOBE NEWSWIRE) -- ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), a growing animal health company that develops, manufactures and markets scientifically-proven and practical products that improve the health and productivity of dairy and beef cattle, today announced the closing of its previously announced underwritten public offering of 1,636,364 shares of common stock at a price to the public of $5.50 per share. All of the shares of common stock were offered by ImmuCell. Craig-Hallum Capital Group acted as sole managing underwriter for the offering. The net proceeds from the offering are approximately $8.3 million, after deducting underwriting discounts and other estimated expenses incurred in connection with the offering. The Company intends to use a portion of the net proceeds of the offering for expansion of production capacity for its First Defense® product line, and it is increasingly likely that it will use a portion of t Show less Read more
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