XOMA Limited (NASDAQ:XOMA) has traded as high as $1.95 during today’s trading session and last traded at $1.78 for a gain of 23.1% from yesterday’s close… XOMA shares have traded as high as $5.20 over the past 52 weeks, which is 65.77% off that high at last traded stock price.
XOMA Corporation, announced today the pricing of 29,669,154 shares of its common stock and accompanying warrants to purchase one half of a share of common stock for each share purchased at a price to the public of $1.32. Get my next ALERT 100% FREE
The warrants are exercisable at an exercise price of $1.76 per share beginning on the date of issuance and will expire on the fifth anniversary of the date of issuance. All of the shares and warrants in the offering are to be sold by XOMA. The shares and warrants will be issued pursuant to a prospectus supplement filed as part of a shelf registration statement previously filed with the Securities and Exchange Commission (SEC) on Form S-3. XOMA anticipates that its aggregate net proceeds from the offering will be approximately $36.2 million after deducting the underwriting discount and estimated offering expenses payable by XOMA. The offering is expected to close on or about March 9, 2012, subject to customary closing conditions.
RBC Capital Markets and Cowen and Company are acting as joint book-running managers and Roth Capital Partners is acting as co-manager of the offering. Ladenburg Thalmann & Co. Inc. is acting as a financial advisor to XOMA for the offering.
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