The latest update is out from OncoCyte ( ($OCX) ).
Oncocyte Corporation has announced a private sale of over 3.4 million shares at $2.948 each to accredited investors, with the expected closing date around October 4, 2024. The deal includes typical closing conditions, indemnifications, and a registration rights agreement to file with the SEC for the resale of shares. The company anticipates raising approximately $10.2 million before fees and expenses, which will be used for general corporate needs and working capital. The private sale was facilitated by Needham & Company, LLC as the exclusive placement agent.
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