Sangamo sells $30M of stock
California, USA-based Sangamo BioSciences says that it has obtained commitments from a select group of institutional investors to purchase an aggregate of 3,278,689 shares of common stock, at a price of $9.15 per share, for gross proceeds of around $30.0 million, before fees and expenses. Completion is expected to take place on July 20, subject to the satisfaction of customary closing conditions.
JMP Securities and Piper Jaffray & Co acted as joint lead placement agents, with Leerink Swann & Co and Janney Montgomery Scott as co-placement agents for this offering.
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