Dynavax Announces $30 Million Common Stock Purchase (DVAX)
Dynavax Technologies Corporation (NASDAQ: DVAX) announced today that Aspire Capital Fund, LLC, an Illinois limited liability company, has purchased 1,000,000 shares of Dynavax common stock at $2.00 per share, representing a 23% premium to the closing market price on September 17, 2010.
The investment was made in connection with a $30 million At-The-Market common stock purchase agreement under which Aspire Capital has committed to purchase up to an additional $28 million of Dynavax common stock over the next 25 months.
Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.