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PhotoMedex, Inc. (PHMD) Announces the Pricing of $40.0 Million Offering of Common Stock


4/24/2012 10:33:15 AM

MONTGOMERYVILLE, Pa.--(BUSINESS WIRE)--PhotoMedex, Inc. (NasdaqGS: PHMD) today announced the pricing of concurrent registered offerings of 3,023,432 shares of its common stock at a price to the public of $13.23 per share. The gross proceeds to PhotoMedex from the offerings are expected to be approximately $40.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. The offerings are expected to close on or about April 27, 2012, subject to customary closing conditions. All of the shares in the offerings are to be sold by PhotoMedex.

Read at BioSpace.com


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