QualityStocksNewsBreaks — Applied DNA Sciences Inc. (NASDAQ: APDN) Closes on $4.2M Registered Direct Offering
Applied DNA Sciences (NASDAQ: APDN), a leader in polymerase chain reaction (“PCR”)-based DNA manufacturing, has closed on its previously announced registered direct offering. The offering was with an institutional investor and was comprised of 1,496,400 shares of common stock or common stock equivalents. The shares were sold at $2.80 per share, resulting in gross proceeds of an estimated $4.2 million before the deduction of standard fees and expenses. The announcement also noted a concurrent private placement with the same investor in which Applied DNA offered unregistered warrants to purchase up to 1,496,400 shares of common stock. According to the announcement,…
