This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
CollabRx, Inc. (NASDAQ: CLRX) today announced the closing of its previously announced underwritten public offering of 913,500 shares of its common stock, offered at a public offering price of $2.00 per share.
San Francisco, California (PRWEB) June 25, 2014
CollabRx, Inc. (NASDAQ: CLRX) today announced the closing of its previously announced underwritten public offering of 913,500 shares of its common stock, offered at a public offering price of $2.00 per share. Gross proceeds to CollabRx from this offering are $1,827,000 before deducting the underwriting discount and other estimated offering expenses payable by CollabRx. CollabRx anticipates using the net proceeds from the offering for general corporate purposes, including development of their products and services, general and administrative expenses and working capital. CollabRx has granted the underwriter a 45-day option to purchase up to an aggregate of 137,025 additional shares of its common stock to cover over-allotments, if any.
Aegis Capital Corp. acted as the sole book-running manager for the offering.
This offering was made pursuant to an effective shelf registration statement (No. 333-193019) previously filed with the U.S. Securities and Exchange Commission (the SEC). A final prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC and is available on the SECs website located at http://www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, if at all, will be made only by means of a prospectus supplement and accompanying prospectus forming a part of the effective registration statement. Copies of the preliminary prospectus supplement and accompanying prospectus relating to this offering may be obtained, when available, from Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY, 10019, telephone: 212-813-1010 or email: prospectus(at)aegiscap(dot)com.
CollabRx, Inc. (NASDAQ: CLRX) is a recognized leader in cloud-based expert systems to inform healthcare decision-making. CollabRx uses information technology to aggregate and contextualize the worlds knowledge on genomics-based medicine with specific insights from the nations top cancer experts, starting with the area of greatest need: advanced cancers in patients who have effectively exhausted the standard of care.
CollabRx Safe Harbor Statement
This press release includes forward-looking statements about CollabRxs anticipated results that involve risks and uncertainties, including statements regarding our expectations with respect to the application of the net proceeds from the offering. These statements are subject to significant risks and uncertainties, actual results could differ materially from those projected and CollabRx cautions investors not to place undue reliance on the forward-looking statements contained in this release. Risks and uncertainties relating to CollabRx and this offering can be found in the "Risk Factors" section of the prospectus supplement and accompanying prospectus related to such proposed offering to be filed with the SEC. CollabRx undertakes no obligation to update or revise any such forward-looking statements to reflect subsequent events or circumstances.
Thomas R. Mika
President & Chief Executive Officer
Dian Griesel Intl.
For the original version on PRWeb visit: http://www.prweb.com/releases/2014/06/prweb11975543.htm
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.