Advaxis, Inc., (NASDAQ: ADXS, ADXSW), a leader in developing the
next generation of immunotherapies for cancer and infectious diseases,
today announced the full exercise of the over-allotment option granted
to the underwriters to purchase an additional 862,500 shares of its
common stock and warrants to purchase an additional 431,250 shares (15%
of the shares and warrants sold in this offering), at a public offering
price of $4.00 per share and $0.001 per warrant, respectively, in
connection with its previously announced underwritten public offering of
5,750,000 shares of common stock, and warrants to purchase up to an
aggregate of 2,875,000 shares of common stock, bringing the total gross
proceeds from the offering to approximately $26,500,000, before
deducting underwriting discounts and commissions and other offering
expenses payable by Advaxis, Inc. The warrants have a per share exercise
price of $5.00, 125% of the public offering price of the common stock,
are exercisable immediately, and expire five years from the date of
issuance.
Aegis Capital Corp. is acting as sole book-running manager for the
offering.
This offering is being made only by means of a prospectus. Copies of the
prospectus relating to this offering may be obtained by contacting Aegis
Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor,
New York, NY 10019, telephone: 212-813-1010, e-mail: prospectus@aegiscap.com.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission (“SEC”) on October
16, 2013 and an abbreviated registration statement relating to these
securities was effective upon filing with the SEC on October 16, 2013.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Advaxis, Inc.
Advaxis is a clinical-stage biotechnology company developing the next
generation of immunotherapies for cancer and infectious diseases.
Advaxis immunotherapies are based on a novel platform technology using
live, attenuated bacteria that are bio-engineered to secrete an
antigen/adjuvant fusion protein(s) that is designed to redirect the
powerful immune response all human beings have to the bacterium to
the cancer itself.
ADXS-HPV is currently being evaluated in four clinical trials for human
papillomavirus (HPV)-associated cancers: recurrent/refractory cervical
cancer (India), locally advanced cervical cancer (GOG/NCI U.S. study,
Clinical Trials.gov Identifier NCT01266460), head & neck cancer
(CRUK study, Clinical Trials.gov Identifier NCT01598792), and anal
cancer (BrUOG study, Clinical Trials.gov Identifier NCT01671488).
Advaxis has over 15 distinct immunotherapies in various stages of
development, developed directly by Advaxis and through strategic
collaborations with recognized centers of excellence such as: the National
Cancer Institute, Cancer
Research – UK, the University
of Pennsylvania, the Georgia
Regents University Cancer Center, and others.
For more information please visit: www.advaxis.com
Copyright Business Wire 2013