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Rosetta Closes $2.5M Private Placement

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Rosetta Genomics this week announced that it has entered into a definitive agreement to sell securities to institutional investors in a private placement for aggregate gross proceeds of about $2.5 million.

Specifically, Rosetta will sell 2.5 million ordinary shares at a price of $1.00 per share, and give the purchasers warrants to buy up to 1.25 million ordinary shares at an exercise price of $1.30 per share and warrants to purchase up to 625,000 ordinary shares at an exercise price of $0.01 per share.

Rosetta said it will use the proceeds of the private placement for working capital purposes.

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