Rosetta Genomics (ROSG -16%) takes a hit after pricing its 5.5M share offering at $5, a 13%...

|About: Rosetta Genomics Ltd. (ROSG)|By:, SA News Editor

Rosetta Genomics (ROSG -16%) takes a hit after pricing its 5.5M share offering at $5, a 13% discount to yesterday's close. The placement pricing is a significant haircut from its intitial filing back in June, when the stock was trading north of $12. The gross proceeds are expected to be approximately $27.5M. The company plans to use the proceeds to fund its operations, as well as other general corporate purposes.