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News Breaks | | | | March 13, 2013 | | 08:32 EDT |  | IMMY | Imprimis announces underwriting exercise of over-allotment option
Imprimis announced that the underwriter, MDB Capital Group, exercised its over-allotment option to purchase an additional 276,000 shares of the Company's common stock at a price of $5.25 per share, for gross proceeds of approximately $1.45M. The net cash proceeds of the over-allotment to the company, after deducting underwriting discounts and commissions and estimated offering expenses, is expected to be approximately $1.33M. The exercise of the over-allotment option brings the total approximate offering size of gross proceeds to $11.11M. | |
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