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BG Medicine, Inc. (BGMD) Message Board

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  • darthnvader darthnvader Jan 24, 2013 4:55 PM Flag

    Stock offering, could be a problem

    I keep trying to post the other article, but Yahoo won't let me.

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    • Co announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Co also announced that it has entered into a common stock purchase agreement with Aspire Capital Fund, LLC. Aspire has committed to purchase up to $12 million of BG Medicine's common stock from time to time as directed by BG Medicine over the next two years at prices based on prevailing market prices over a period preceding each sale after the SEC declares a registration statement effective relating to the transaction. BG Medicine will use the net proceeds from the sales of common stock for general corporate purposes and working capital requirements.

 
BGMD
0.78-0.05(-6.01%)Aug 27 3:59 PMEDT

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