GAITHERSBURG, Md.--(BUSINESS WIRE)--GenVec, Inc. (Nasdaq:GNVC) has successfully completed its previously announced registered direct offering of 11,258,279 shares of its common stock and warrants to purchase 2,251,653 shares of its common stock. The shares of common stock and warrants were offered in units consisting of one share of common stock and a warrant to purchase 0.20 shares of common stock at a per unit price of $1.51. The warrants have a term of five years and an exercise price of $2.016 per share.
