Inovio Pharmaceuticals (INO) plummets 20.3% to $0.55 after pricing an offering of 27.4M shares,...

|About: Inovio Pharmaceuticals, Inc. (INO)|By:, SA News Editor

Inovio Pharmaceuticals (INO) plummets 20.3% to $0.55 after pricing an offering of 27.4M shares, and warrants to purchase up to 13.69M shares, at a combined price of $0.55/share and related warrant. The warrants are exercisable at $0.7936/share and will expire in 5 1/2 years. The net proceeds of the fundraising are $14M. (PR)