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Unilife Corporation Lodges Form 8-K

12 Feb 2013  |  11:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Unilife Lodges Form 8-K

Unilife Corporation reported the Company has entered into a Securities Purchase Agreement with the investor identified therein relating to a registered direct public offering by the Company of 4.46m Shares of the Company's Common Stock, par value $0.01 per Share, and Warrants to purchase up to an aggregate of 1.49m shares of Common Stock. The Shares and Warrants are being sold in Units at a price of $2.241667 per Unit, with each Unit consisting of one Share and one Warrant to purchase one-third of a Warrant Share with an exercise price of $3.00 per Warrant Share. The gross proceeds realized by the Company in connection with the Offering are expected to be $10m, and the net proceeds, after deducting the Placement Agent's fee and other offering expenses, are expected to be $9.6m.

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