Dynavax DVAX Message Board

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Biotech / Medical : Dynavax DVAX

DVAX 10.83

-1.4%

3:59 PM EST

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To: nigel bates who wrote (28)	10/11/2006 10:07:27 AM
From: rkrw	of 184

Run up and fallout reminded me of this...have to figure dvax may exercise a tranche of this.... Dynavax Secures Equity Financing Commitment of Up to $30 Million BERKELEY, Calif., Aug. 31 /PRNewswire-FirstCall/ -- Dynavax Technologies Corporation (Nasdaq: DVAX) announced that the company has secured an equity financing commitment of up to $30 million from Azimuth Opportunity Ltd. Acqua Capital Management is an advisor to Azimuth Opportunity. During the 18-month term of the equity financing commitment, Dynavax may sell registered shares of its newly-issued common stock to Azimuth Opportunity Ltd. at a small, pre-negotiated discount to the market price. Dynavax will determine, at its sole discretion, the timing and amount of any sales of its stock, subject to certain conditions.

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