Marshall Edwards Receives Notice of Effectiveness for Rights Offering to Stockholders
Marshall Edwards, Inc. (Nasdaq: MSHL) announced today that it has received a Notice of Effectiveness from the U.S. Securities and Exchange Commission for the Company's registration statement on Form S-1 filed in connection with its previously announced rights offering to existing stockholders.
Under the terms of the rights offering, Marshall Edwards will distribute one subscription right for each share of common stock owned to holders of record as of 5:00 p.m., Eastern time, on March 30, 2012. Each subscription right will entitle the holder to purchase one Unit, which consists of 0.5 shares of the Company's common stock and a warrant to purchase 0.25 shares of the Company's common stock. Holders of the Company's outstanding Series A warrants will also receive one subscription right for each share of common stock issuable pursuant to such warrants.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.