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)

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Comments (1)
  • Sammyboy12
    , contributor
    Comments (273) | Send Message
     
    Just thought I would add my twopence to the enlightened and vociferous comments that this company's action has generated. I agree with everything that has been said and join with all those who are now buying with frenzied anticipation of the next moves into the blockbuster space. Good luck all who have contributed to this forum to date!
    15 Sep 2013, 02:23 AM Reply Like
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