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-0.0793846153846153 -0.107076923076923 -0.156307692307692 -0.153846153846154 -0.0615384615384616 -0.054 -0.0246153846153846 0.0767692307692307
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Vaccinex Announces Pricing of $3.7 Million PIPE Financing [Yahoo! Finance]

Vaccinex, Inc. (VCNX) 
Company Research Source: Yahoo! Finance
company pioneering a differentiated approach to treating neurodegenerative disease by blocking astrogliosis and neuroinflammation through the inhibition of SEMA4D, today announced it has priced a $3.7 million private placement transaction with a lead investment from a major new investor alongside significant participation from existing investors, including entities affiliated with the Chairman of the Company's Board of Directors and the Company's Chief Executive Officer. The securities purchase agreement for the financing provides for the sale of an aggregate of 3,838,544 shares of the Company's common stock (and 1,265,078 common stock equivalents in lieu of common stock) together with common warrants to purchase up to an equal number (5,103,622) of shares of common stock. The shares and warrants are being sold at a combined purchase price per share and warrant of $0.725. The common warrants will have an exercise price of $1.00 per share. The common warrants will be immediately exerci Show less Read more
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