Underwritten and Registered Direct Placement of Common Stock
|3 Months Ended|
Jun. 30, 2015
|Underwritten and Registered Direct Placements of Common Stock|
|Underwritten and Registered Direct Placements of Common Stock||
9. Underwritten and Registered Direct Placement of Common Stock
Effective May 6, 2014, the Company completed an underwritten public offering in which it sold 18.8 million shares of the Company’s common stock at a price of $1.70 per share less underwriting discounts and commissions. The shares were allocated to a single institutional investor. The net proceeds to the Company from the sale of the Common Stock, after deducting fees and other offering expenses, were approximately $29.8 million.
Represents entire disclosure regarding warrant exercise agreements to purchase an aggregate shares of common stock by the reporting entity.
No definition available.