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EpiCept prices shares at 92.95 cents each

March
7

EpiCept Corp. of Tarrytown, a biotech company, said today its public offering of 5.4 million shares of common stock would price the shares at 92.25 cents a share. The company said it expects to net $4.7 million on the offering, and will use the funds for general corporate purposes. EpiCept also said its five-year warrants to purchase up to 2.7 million shares of common stock would have an exercise price of 86 cents a share.

This entry was posted on Friday, March 7th, 2008 at 5:09 pm by Jerry Gleeson.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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