- (NASDAQ:XOMA) prices its direct offering of 1.2M shares of common stock and 5,003 shares of convertible preferred stock to Biotechnology Value Fund. L.P. and certain of its affiliates.
- The common stock will be sold at $4.03 per share. Each share of Series X Preferred Stock will be sold at $4,030 per share based on a conversion price of $4.03 per common share (each preferred share is convertible into 1,000 common shares). The total number of common shares issued upon conversion of all preferred shares will be 5,003,000.
- Closing date is February 15.
- Friday's close was $4.03.