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Solexa, Inc. (SLXA) Announces Agreement For $65 Million Private Placement


11/21/2005 10:52:36 AM

HAYWARD, Calif. and CAMBRIDGE, England--(BUSINESS WIRE)--Nov. 21, 2005--Solexa, Inc. (Nasdaq:SLXA) today announced that it has entered into a definitive agreement with a group of institutional investors to raise approximately $65 million from the private sale of common stock and warrants for the purchase of common stock. This financing will result in net proceeds to Solexa of approximately $61 million after deduction of offering expenses.

Read at BioSpace.com


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