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Unilife Completes Use of At-The-Market Financing (ATM) Facility
Date:8/4/2014

YORK, Pa., Aug. 4, 2014 /PRNewswire/ -- Unilife Corporation ("Unilife" or "Company") (NASDAQ: UNIS; ASX: UNS), a developer and supplier of injectable drug delivery systems, today announced that it has completed the At-The-Market (ATM) facility with Cantor Fitzgerald.  The final use of the ATM was completed through a single block transaction for 5,811,800 shares of common stock generating net proceeds for the Company of $12.4 million.  No further sales of Common Stock can be made under the ATM facility. 

Unilife has been advised that the majority of issued shares under the final distribution were acquired by a group of large US institutional investors.

Alan Shortall, CEO of Unilife, stated: "By completing this ATM facility and raising $12.4 million in net proceeds, we have been able to further strengthen our balance sheet and offset most of the one-time acceleration in investments made during the fourth quarter of fiscal year 2014 to meet increasing demand for our products and services from pharmaceutical customers. 

"As per previous statements we expect that ongoing investments in capital equipment and R&D during fiscal year 2015 will be funded by customer payments under existing and upcoming programs, as well as our long-term debt financing agreement with OrbiMed and current cash on hand," concluded Mr. Shortall. 

About UnilifeUnilife Corporation (NASDAQ: UNIS / ASX: UNS) is a U.S. based developer and commercial supplier of injectable drug delivery systems. Unilife's broad portfolio includes prefilled syringes with automatic needle retraction, drug reconstitution delivery systems, auto-injectors, wearable injectors, intraocular delivery systems and novel devices. Each of these innovative,
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SOURCE Unilife Corporation
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