Applied DNA announces pricing of $2.75M offering of common stock and warrants

|About: Applied DNA Sciences, ... (APDN)|By:, SA News Editor

Applied DNA Sciences (APDN -12.5%) announced pricing of an underwritten public offering of 5.5M shares of its common stock and warrants.

Each share of common stock and each warrant to purchase one share of common stock is being sold at a combined effective price to the public of $0.50.

Gross proceeds from the offering are expected to be ~$2.75M and the offering is expected to close on or about December 26, 2018.

Maxim Group is acting as sole book-running manager for the offering.

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