WATERTOWN, Mass.--(BUSINESS WIRE)--Acusphere, Inc. (NASDAQ: ACUS) today announced that it closed its previously announced “registered direct” offering resulting in receipt by the Company of approximately $23.8 million in net proceeds, after deducting placement agent fees and estimated offering expenses. In the offering, the Company issued 9,259,254 units, each unit consisting of (i) one share of common stock and (ii) one warrant to purchase 0.4 shares of common stock at an exercise price of $3.11 per share, for a purchase price of $2.75 per unit. Units are not issued or certificated. The shares of common stock and warrants are immediately separable and will be issued separately. The warrants will be exercisable beginning on June 12, 2007 and until December 12, 2011.
