Applied DNA Sciences prices $12M stock offering

Aug. 04, 2022 9:34 AM ETApplied DNA Sciences, Inc. (APDN)By: Shweta Agarwal, SA News Editor
  • Applied DNA Sciences (NASDAQ:APDN) on Thursday has priced the $12M stock offering at $4 per unit, which compares with stock's last close of $4.10.
  • The offering comprises APDN's 3M common shares together with Series A and Series B warrants to purchase up to 3M additional shares each.
  • The company said it intends to use the net proceeds from this offering for further development of the Company’s Therapeutic DNA Production and MDx Testing Services, as well as general corporate purposes.
  • Closing of the offering is expected on Aug. 8, 2022.
  • Shares are up 8.5% in early trading session on Thursday.

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