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Friday, Sep 13
Galena prices offering, shares plunge
- Galena Biopharma (GALE -16.4%) craters after announcing a public offering of common stock and warrants Thursday evening.
- The company priced the offering at $2/unit Friday.
- The units comprise one share of common and a warrant to buy 0.35 of a share at $2.50/share.
- There's also an underwriter option for another 2.6M shares of common and/or warrants for ~919K shares. (PR)