Atossa Genetics, Inc. Prices $4,000,000 Public Offering

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
39
Atossa Genetics, Inc. Prices $4,000,000 Public Offering

SEATTLE, WA--(Marketwired - Mar 29, 2017) - Atossa Genetics, Inc. ( NASDAQ : ATOS ), today announced the pricing of an underwritten public offering with anticipated gross proceeds of $4,000,000, before deducting underwriting discounts, commissions and other offering expenses. The offering consists of (i) Class A Units consisting of 664,000 shares of our Common Stock and Warrants to purchase 664,000 shares of Common Stock, and (ii) Class B Units consisting of 3,502 shares of our Series A Convertible Preferred Stock, with a face value of $1,000 and each convertible into 1,333.33 shares of Common Stock, and Warrants exercisable for the number of shares of Common Stock into which the shares of Series A Convertible Preferred Stock are convertible. The Warrants will have an exercise price of $0.9375, will be exercisable upon issuance and will expire five years from the date of issuance. Atossa has granted the underwriters a 45-day option to purchase up to an additional 800,000 shares of Common Stock and/or 800,000 Warrants to cover over-allotments, if any. The offering is expected to close on April 3, 2017, subject to customary closing conditions.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective on March 28, 2017.

The offering will be made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained, when available, 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 . Investors may also obtain these documents at no cost by visiting the SEC's website at http://www.sec.gov . This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Atossa

Atossa Genetics, Inc. is a clinical-stage pharmaceutical company developing novel therapeutics and delivery methods to treat breast cancer and other breast conditions. For more information, please visit www.atossagenetics.com .

Forward-Looking Statements

Forward-looking statements in this press release, which Atossa undertakes no obligation to update, are subject to risks and uncertainties that may cause actual results to differ materially from the anticipated or estimated future results, including the risks and uncertainties associated with completion of the offering, actions and inactions by the FDA, the outcome or timing of regulatory approvals needed by Atossa, lower than anticipated rate of patient enrollment, results of clinical studies and timing of publication of those results, the safety and efficacy of Atossa's products and services, performance of clinical research organizations and investigators, obstacles resulting from proprietary rights held by others with respect to Fulvestrant, such as patent rights, and other risks detailed from time to time in Atossa's filings with the Securities and Exchange Commission, including without limitation its periodic reports on Form 10-K and 10-Q, each as amended and supplemented from time to time.

Atossa Genetics Company Contact: Atossa Genetics, Inc. Kyle Guse CFO and General Counsel (O) 800-351-3902 kyle.guse@atossagenetics.com Investor Relations Contact Scott Gordon CorProminence LLC 377 Oak Street Concourse 2 Garden City, NY 11530 Office: 516.222.2560 scottg@corprominence.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Trust in Finance: Survey Reveals Market Impact

Updated Category News Views 1

Trust in AI for Financial Guidance: Where Are We Headed? The market winds shift with every sunrise, and today’s buzzword? Artificial Intelligence. You’d almost think AI’s trying to steal my job along with every other trader’s mojo. But here's the twist—A survey from Possible Finance shows about 15% of folks would actually lean on AI for their financial advice....

Continue Reading
Monib Zirvi's Dermatology Excellence Honored in 2026

Updated Category News Views 5

Trailblazer in Dermatology Recognized Again Fancy yourself a star in dermatology? Well, take notes from Dr. Monib A. Zirvi. The guy just got his due recognition from Marquis Who's Who for his sizable contributions to dermatology and research. For someone who's been at this game for over two decades, Zirvi doesn't just glide by on old merits. He's the real deal, and his...

Continue Reading
Helio Fred Garcia Honored by Diversity Action Alliance

Updated Category News Views 1

Award Ceremony Set in the Big Apple In an industry where recognition often feels as transient as a ticker's daily high, the Diversity Action Alliance (DAA) is doing its bit to emphasize the lasting impact individuals can make. On September 16 in New York City, Helio Fred Garcia will be honored with the 2026 Pat Ford Larger Than Life Impact Award at the DAA's Annual...

Continue Reading
EFSI Shareholders on Alert Amid M&A Deal Scrutiny

Updated Category News Views 5

Eagle Financial Services Under the Microscope A buzz is picking up in the world of mergers and acquisitions, and this time, it's Eagle Financial Services, Inc. (NASDAQ: EFSI) caught in the crosshairs. What's the chatter all about? Well, it looks like Juan Monteverde and his crew over at Monteverde & Associates PC have set their sights on Eagle's proposed sale to John...

Continue Reading
GBI Bio's New CEO Jesse McCool to Propel Growth

Updated Category News Views 1

Jesse McCool stepping into GBI's CEO shoes is the kind of move that makes you sit up straight and take notice. Let me tell you, the biomanufacturing scene is buzzing with this appointment, and McCool's got his work cut out for him in leading GBI Biomanufacturing's shift towards commercial-scale operations while expanding their early-stage biotech portfolio. A Veteran in...

Continue Reading
Atli Launches: AI-Powered eSIM Revolutionizes Travel

Updated Category News Views 2

What's New in Travel Tech: Atli's Debut Wandering the globe might sound romantic until you realize your phone's a paperweight without the right data. Enter Atli, a shiny new AI-powered travel eSIM service, snugged right into your WhatsApp. This marvel comes from the folks at XForge Mobile and aims to obliterate the hassle of getting connected abroad. You know those...

Continue Reading
Deadline Looms for EquipmentShare Investors' Legal Action

Updated Category News Views 1

Pressure Builds for EquipmentShare Investors If you've thrown some cash into EquipmentShare.com Inc. (NASDAQ: EQPT), it's time to sit up and pay attention. There's smoke on the horizon, and Faruqi & Faruqi, LLP is waving the flag. They've got a securities class action spinning fast, and if you've suffered any losses, September 21, 2026, is a date you don't want to forget....

Continue Reading
Red-Eye Flights Surge, Driven By Western U.S. Routes

Updated Category News Views 3

You can always count on some things staying the same, right? Well, if you thought red-eye flights were going to fade away, think again. These late-night wonders are not just hanging around—they're booming in the west like there's no tomorrow. Literally. Champion Traveler has laid it all out for us: about 115,580 overnight flights in 2025, a record high since this mad...

Continue Reading
Are FULC, WEAV, TECH Shareholders Getting a Raw Deal?

Updated Category News Views 4

Pocketing Insider Gains Amidst Shareholder Concerns Let me tell you, it smells like another day in the financial jungle where insiders might be feasting while the regular Joe shareholders are left nibbling on crumbs. Fulcrum Therapeutics, Weave Communications, and Bio-Techne are in the crosshairs for deals that may favor those on the inside track over you and me, the...

Continue Reading
Navigating Land Access: The Hidden Roadblock in Mining

Updated Category News Views 1

Mining's Often Overlooked Obstacle: Land Access In the world of mining, the shallow thrills of striking gold are often overshadowed by the frustrating slog of securing land access. You can have your permits lined up, your finances sorted, and drills humming along, but if you haven’t sweet-talked the folks farming above your visible vein of riches, you could be staring...

Continue Reading

Top 5 Most Recently Viewed Articles

Voltage Energy Expands Operations with New Global Headquarters

Updated Category News Views 134

Voltage Energy's Strategic Expansion Voltage Energy Group, a reputable leader in solar and clean energy solutions, has announced plans for a significant expansion. The company, founded in North Carolina in 2015, aims to make Roxboro its new Global Headquarters. This development comes alongside the establishment of a new manufacturing facility to enhance production...

Continue Reading
Exploring the Aging with the Experts Podcast by ALCA

Updated Category News Views 158

Aging Life Care Association® Launches Innovative Podcast The Aging Life Care Association (ALCA) is thrilled to announce the introduction of its new podcast series, titled Aging with the Experts. This initiative is dedicated to providing older adults, their families, and professionals in the field with valuable knowledge and support as they navigate the complexities...

Continue Reading
Innovative AERO™ Facet Fusion System Granted FDA Clearance

Updated Category News Views 257

Aurora Spine Receives FDA Clearance for AERO™ Facet Fusion System Aurora Spine Corporation, a prominent name in innovative spinal solutions, has recently attained significant recognition after securing FDA 510(k) clearance for its cutting-edge product, the AERO™ Facet Fusion System. This advancement is pivotal for their portfolio and a testament to their commitment to...

Continue Reading
Diplomatic Tensions Rise Between Brazil and Venezuela Amid Attacks

Updated Category News Views 225

Escalating Tensions Between Brazil and Venezuela Recent diplomatic exchanges between Brazil and Venezuela have taken a turn for the worse, with Brazil expressing surprise at the aggressive rhetoric used by Venezuelan authorities. The Brazilian foreign ministry's statement indicates rising tensions give way to a worrying diplomatic climate. Brazil's Stance on Venezuelan...

Continue Reading
UBS Lowers Moncler Rating as Concerns over Chinese Demand Rise

Updated Category News Views 231

UBS Lowers Moncler Stock Rating Over Concerns UBS has made a notable change by downgrading Moncler SpA's stock (BIT: MONC) from a 'Buy' to 'Neutral.' This decision is based on several factors, particularly the shifting consumer behavior and market conditions that may affect Moncler's sales in the upcoming months. Understanding UBS's Decision The main reason for this...

Continue Reading