CONCORD, Calif.--(BUSINESS WIRE)--Cerus Corporation (NASDAQ:CERS) today announced that it has entered into agreements with selected institutional investors for the purchase of up to 3,903,952 shares of its common stock at a purchase price of $6.68 per share. The net offering proceeds to Cerus are expected to be approximately $24.3 million after deducting placement agency fees and estimated offering expenses. Banc of America Securities LLC acted as lead placement agent for the offering and Robert W. Baird & Co. Incorporated acted as co-placement agent.
