Unilife (UNIS -11.6%) drops like a rock after the company announces an underwritten public...

|About: Unilife Corporation (UNIS)|By:, SA News Editor

Unilife (UNIS -11.6%) drops like a rock after the company announces an underwritten public offering of 8.25M shares of common stock at $4.35/share. The underwriters of the offering have an option to purchase an additional 1.24M shares of the medical device company within a 30-day period.