LSBC Takes in $8.2M in Private Placement

Large Scale Biology announced the completion this week of an $8.2 million private placement. The company sold 5.2 million new shares of common stock, and issued warrants with a 5-year-term to purchase an additional 1.3 million shares.

Proceeds from the private placement will be used to fund product development; meet expected strategic partnership commitments; and facilitate short-term revenue streams, the company said.

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