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Stock impact report

XOMA Announces Proposed Rights Offering

XOMA Corporation (XOMA) 
Last xoma corporation earnings: 3/10 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investors.xoma.com/investor-relations
Company Research Source: GlobeNewswire
Rights Offering will be available to all shareholders of record on November 16, 2018$20 million to be raisedFully backstopped by BVF Partners L.P. EMERYVILLE, Calif., Nov. 07, 2018 (GLOBE NEWSWIRE) -- XOMA Corporation (Nasdaq: XOMA) (“XOMA” or the “Company”) today announced its intent to commence a rights offering pursuant to which the Company would raise approximately $20 million through the distribution of subscription rights to holders of its common stock and Series X preferred stock, which will entitle the holders to purchase shares of XOMA’s common stock at $13.00 per share (the “Rights Offering”).  The offering will be fully backstopped by BVF Partners L.P., the Company's largest stockholder, which has agreed to purchase at a minimum its as-converted pro rata share of the offering amount, and will purchase an additional amount of securities, up to a total of approximately $20 million, that are not subscribed for by the Company’s other stockholders in the rights offering. Und Show less Read more
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