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In a release, the Company noted that it received net proceeds of approximately $47.5 million after deducting placement agent fees and other offering expenses. All of the securities were offered pursuant to an effective shelf registration statement. Proceeds from the transaction will be used for general corporate purposes. After the offering, the company has 48,707,303 shares issued and outstanding. A shelf registration statement relating to the shares of common stock and warrants issued in the offering (and the shares of common stock issuable upon exercise of the warrants) has been filed with the Securities and Exchange Commission (the "SEC") and has been declared effective. A prospectus supplement relating to the offering was filed with the SEC. Copies of the prospectus supplement and accompanying prospectus may be obtained directly from the Company. Rodman & Renshaw, a subsidiary of Rodman & Renshaw Capital Group, Inc., acted as the exclusive placement agent for the transaction. ((Comments on this story may be sent to health@closeupmedia.com)) For full details on Spectrum Pharm Inc (SPPI) click here. Spectrum Pharm Inc (SPPI) has Short Term PowerRatings of 3. Details on Spectrum Pharm Inc (SPPI) Short Term PowerRatings is available at This Link.
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