|
|
|
Avid Bioservices Inc | 10.50% Series E Convertible Preferred Stock (PPHMP)
Prospectus excerpt: Peregrine Pharmaceuticals, Inc. is offering 700,000 shares of our 10.50% Series E Convertible Preferred Stock, which we refer to in this prospectus supplement as the Series E Preferred Stock. This is an original issuance of the Series E Preferred Stock. We are also registering up to 20,300,000 shares of our common stock, par value $0.001 per share, which we refer to as common stock in this prospectus supplement (up to 23,345,000 shares of our common stock assuming exercise in full of the overallotment option described below). Such shares of common stock may be issued as a result of the conversion of the Series E Preferred Stock as more fully described herein. Our common stock is currently listed on The NASDAQ Capital Market, or NASDAQ, under the symbol ôPPHM.ö We will bear all costs associated with the offering. Full Prospectus PDF », PPHM Page »
Series: | E | Redeemable?: | Yes | Call Date: | 2/11/2017 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Conversion Price: | $3 | Shares Offered: | 700,000 | Overallotment: | 105,000 | Liquidation Preference: | $25 | Original Coupon: | 10.50% | Pay Period: | Quarterly | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | CDx3 Compliance Rating: |
Learn PPHMP's Rating
|
|
Peregrine Pharmaceuticals is a biopharmaceutical company, focused on manufacturing pharmaceutical products through its contract manufacturing business, and licensing its immunotherapy product through its research and development business. Co.'s segments are: Avid, which is Co.'s contract development and manufacturing organization business, engaged in providing current good manufacturing practices services from cell line development to commercial biomanufacturing of molecules; and Peregrine, which is Co.'s research and development business, engaged in developing therapeutics designed to fight cancer by reversing the immunosuppressive environment that tumors establish in order to proliferate. Preferred: PPHMP Open the PPHM Information Page »
|
|
|
|
|