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MabVax inks direct $1.3M capital raise

Published 08/14/2017, 10:51 AM
© Reuters.  MabVax inks direct $1.3M capital raise
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  • MabVax Therapeutics Holdings (OTCQB:MBVX) enters into agreements with investors for the registered direct sale of ~2,386 shares of Series J Convertible Preferred Stock at $550 per share. Closing date is August 16.
  • The Series J shares are convertible into 2,386,364 common shares at $0.55 each.
  • Net proceeds will fund working capital and general corporate purposes.
  • Now read: Amarin Increases Its Revenue Guidance For 2017


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