TransEnterix prices equity offering; shares slip 17% premarket

|By:, SA News Editor

TransEnterix (NYSEMKT:TRXC) is down 17% premarket on increased volume in response to the pricing of its public offering of units at $1.00 each.

Each unit consists of one share of common stock, one Series A to purchase one share of common  and one Series B warrant to purchase 0.75 of a share of common. Gross proceeds should be almost $25M. Closing date is May 3.

Yesterday's close was $1.09.