S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Health and Healthcare

Generex Biotech Holders File To Unload (GNBT)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Generex Biotechnology Company (NASDAQ: GNBT), a drugdelivery system and technology developer, has filed an offering by sellingstockholders of up to 74,475,861 shares of common stock. The proposed maximum aggregateoffering price is $78,199,653, but this number is for filing purposes.

The offering consists of up to 22,527,275 shares of commonstock issuable upon conversions of a $20,650,000 principal amount of 8% SecuredConvertible Notes due September 2009, and up to 51,198,347 shares of commonstock issuable upon the exercise of warrants.  

The company itself will not receive any proceeds fromthe offering.

Generex is up almost 1% to $1.07 in early morning trading.The market cap sits at $119.3 million and the 52-week range is $0.81 to $2.14.

You can join our open email distribution list to hear about previews for other mergers, spin-offs, break-ups, IPO’s, special financings, and other special situations.

Rachel Lopez
May 1, 2008

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Plug Power Holders Win, and Lose, from Capital Raise
Jon C. Ogg |

Plug Power Holders Win, and Lose, from Capital Raise

Plug Power is doing something that is good for the company, but at the expense of existing shareholders. The controversialcompany…

Douglas A. McIntyre |

VMware’s Last Hurdle: IPO Lock-Up Expiration (VMW, EMC, INTC, CSCO)

VMware, Inc. (NYSE: VMW) has already taken its hit from the earnings expectations getting high enough that the stock just…

Douglas A. McIntyre |

Clearwire Debt Holders & Shareholders Selling Shares (CLWR, INTC, MER, DB)

Clearwire Corporation (NASDAQ:CLWR) had a filing after Friday’s close showing shareholder selling stock.  Upon seeing the mere name Clearwire you’d…

Jon C. Ogg |

ReachLocal Raising Capital For Company & Holders (RLOC)

ReachLocal, Inc. (NASDAQ: RLOC) is raising a small amount of capital in a possible secondary offering, but the bulk of…

Jon C. Ogg |

Will Brightcove Be A Hit IPO? (BCOV)

Brightcove Inc. is among the latest of internet properties to file for an initial public offering.  Terms and conditions were…

Jon C. Ogg |

Neostem Raising Cash For It and Holders (NBS)

Neostem, Inc. (AMEX: NBS) is a bit soft this morning after making two separate share sale filings with the SEC. …

MoviePass Wants Another Reverse Stock Split
Paul Ausick |

MoviePass Wants Another Reverse Stock Split

MoviePass owner Helios and Matheson has called a special shareholders meeting to vote on another reverse stock split. Shares lost…

Jaguar Animal Health Gears Up for Secondary Offering
Chris Lange |

Jaguar Animal Health Gears Up for Secondary Offering

Jaguar Animal Health has filed with the U.S. Securities and Exchange Commission (SEC) regarding a secondary offering of more than…

Jon C. Ogg |

Pandora Coming Public in IPO, What You Need to Know (SIRI, AAPL, RNWK, AMZN, MSFT)

Pandora Media, Inc. will likely soon be a public company.  The leader in internet radio filed its preliminary IPO paperwork…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820