Opexa Therapeutics has priced a public offering of 3.5 million shares of common stock at a price to the public of $2 per share and 3.5 million series E warrants to purchase shares of common stock exercisable at $2 per share at a price of $0.15 per warrant.
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The company has granted a 30-day option to the underwriters to purchase up to an additional 15% of the offering to cover over-allotments. The company expects to receive approximately $7.5 million (approximately $8.7 million if the underwriter’s over-allotment option is exercised in full) in gross proceeds from the offering, which is subject to closing conditions.
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