AmpliPhi Biosciences prices $6.6M equity offering; shares down 34% premarket

|About: AmpliPhi Biosciences Corp. (APHB)|By:, SA News Editor

AmpliPhi Biosciences (NYSEMKT:APHB) prices its public offering of 16,537,500 shares of common stock and warrants to purchase up to 16,537,500 common shares and pre-funded warrants at a combined price of $0.40.

Underwriters over-allotment is an additional 2,480,625 shares of common stock and/or common warrants.

The net proceeds of ~$6.2M will ve used for general corporate purposes, including manufacturing, R&D and G&A expenses.

Closing date is October 16.

Shares are down 34% premarket.

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