>>13-Jun-2008
Other Events
Item 8.01. Other Events.
On June 13, 2008, Discovery Laboratories, Inc. (the "Company") filed a universal shelf registration statement on Form S-3 (the "Shelf Registration Statement") with the Securities and Exchange Commission ("SEC") for the proposed offering from time to time of up to $150 million of the Company's securities. Under the Shelf Registration Statement, the Company has the flexibility to issue and sell a variety of securities, including common stock, preferred stock, varying forms of debt and warrant securities, or any combination of the foregoing, and is intended to enable the Company to react to market opportunities as they arise. These securities may not be sold nor may offers to buy be accepted before the Shelf Registration Statement becomes effective. Once the Shelf Registration Statement is declared effective by the SEC, the Company will be able to issue the securities from time to time in response to market conditions or other circumstances on terms and conditions that will be determined at such time. The Company currently has no immediate plans to sell securities under the Shelf Registration Statement.<<
Nice little Friday afternoon news item.
Stock was up 7% today, and is giving most of it back. But honestly, if the FDA goes their way or not, they will need the money.
Cheers, Tuck |
