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Opexa Therapeutics (OPXA) Prices $3.25 M Unit Offering

Offering of 1,083,334 units at a price of $3.00 per unit, for gross proceeds of $3.25 M

OPXA has priced an offering of shares of its common stock and warrants to purchase common stock in a private registered offering of 1,083,334 units at a price of $3.00 per unit, for gross proceeds of $3.25 M. Each unit consists of 1 share of common stock and a warrant to purchase 1/5 (0.50) of a share of common stock. The shares of common stock and warrants are immediately separable and will be issued separately such that no units will be issued.

Dawson James Securities, Inc. acted as exclusive placement agent in connection with the offering.

The Bottom line: to be expected … what is interesting is … The warrants are exercisable immediately upon issuance and have a 4 year term and an exercise price of $3.00 per share. The offering is expected to close on or about 2/11/13.

OPXA is trading -$0.15 or -5.10% to $2.79 having traded 257 K <post 1.59 M and 9.82 M shares> and down from a high of $3.15

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.