Xytronyx Inc. said Monday that it has raised $3.2 million in aprivate placement of units to international institutionalinvestors.
Each $23.25 unit consisted of two shares of common stock(AMEX:XYX) and a warrant to buy a share of stock. Thewarrants are exercisable for three years at $13.95 a share.
The stock closed Monday at $12.38, up 38 cents. The San Diegocompany, which is developing medical, dental and veterinaryproducts, is marketing the Sun Alert ultraviolet warning badge.The self-adhesive badge changes colors in response toaccumulated ultraviolet sunlight exposure.
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