Deals
Transgenomic Raises $7M in Conv Preferred from Third Security
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Transgenomic, Inc. (TBIO) announced that it has raised $6,999,990 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $4.85 per share, an approximate 1.04% premium to the market price ($4.80) of TBIO at deal announcement. The investor was Third Security, LLC. Issuer counsel was Paul Hastings LLP and investor counsel was Troutman Sanders, LLP. via PlacementTracker.