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Spectrum's latest private placement brings in $19.95mm

Executive Summary

Spectrum Pharmaceuticals netted $19.95mm through the sale of 2.9mm common shares at $7.15 (a 19% premium) to institutional investors. Buyers also received 90-day warrants for another 1.47mm shares at $7.10 each. Rodman & Renshaw was the placement agent. Including this transaction, Spectrum has raised over $48mm in three separate private stock sales since May.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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