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Retrophin Raises $25M in Private Placement Financing

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Retrophin, Inc. (OTC: RTRX) today announced that it has entered into
definitive agreements with a number of new and existing institutional
investors in connection with a private placement, or…
Retrophin, Inc. (OTCQB: RTRX) today announced that it has entered into
definitive agreements with a number of new and existing institutional
investors in connection with a private placement, or PIPE, financing.
Upon closing of the PIPE financing, Retrophin will receive gross
proceeds of approximately $25 million resulting from the sale and
issuance of approximately 5.6 million shares of Retrophin Common Stock
and warrants to purchase an additional approximately 2.8 shares of
Retrophin Common Stock at an exercise price of $6.00 per share.

The financing, which is expected to close during the week of August 19,
2013, is subject to the satisfaction of certain customary closing
conditions contained in the securities purchase agreement.

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global

 

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