| HOME >> BIOLOGY >> TECHNOLOGY |
SAN DIEGO, June 13, 2012 /PRNewswire/ -- Trovagene, Inc. (Nasdaq: TROV), (Nasdaq: TROVU),a developer of trans-renal molecular diagnostics, announced the full exercise of the over-allotment option granted to the underwriters to purchase 172,500 additional units, at a public offering price of $8.00 per unit, in connection with its previously announced underwritten public offering of 1,150,000 units, bringing total gross proceeds from the offering to $10,580,000.
On June 14, 2012, the holders of the Company's units may elect to separately trade the common stock and warrants underlying the units on The NASDAQ Capital Market under the symbols "TROV" and "TROVW", respectively. The warrants will be exercisable at an exercise price of $5.32 per share upon separation of the units and will expire on June 4, 2017. Those units not separated will continue to trade on The NASDAQ Capital Market under the symbol "TROVU".
Aegis Capital Corp. acted as the sole book-running manager for the offering.
Summer Street Research Partners and Brean Murray, Carret & Co. acted as co-managers for the offering.
A registration statement on Form S-1 relating to the shares was filed with the Securities and Exchange Commission and is effective. Copies of the final prospectus relating to the offering may be obtained from the offices of Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY, 10019, telephone: 212-813-1010 or email: prospectus@aegiscap.com, or from the above-mentioned SEC website.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
About Trovagene, Inc.<
'/>"/>
| SOURCE Trovagene, Inc. Copyright©2012 PR Newswire. All rights reserved |