CombiMatrix prices offering, shares fall

Shares of CombiMatrix (CBMX -20%) are off sharply after the company priced a $12M offering of Series D convertible preferred and warrants.

The units priced at $1,000 each and contain one Series D share (convertible to 485.4369 shares of common at $2.06) and a warrant for another 485.4369 shares at $3.12 each.

Net proceeds: $10.8M. (PR)

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