Arrowhead Research this week announced that it intends to raise $36 million through a private offering of roughly 14.3 million shares plus 9,900 shares of convertible preferred stock.

The common stock will be priced at $1.83 apiece, and the preferred shares are priced at $1,000 each and are convertible into shares of common stock at a price of $1.83 per share.

Arrowhead said that the offering is expected to close by May 3.

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