NEW YORK ( TheStreet) -- EpiCept (EPCT) shares plunged more than 30% Monday after the pharmaceutical company priced its public offering of common shares at a steep discount to the stock's closing price Friday.EpiCept said it will offer 6.1 million shares of common stock at $1.10 per share, a 30% discount to Friday's closing price of $1.57. In addition, EpiCept will offer five year warrants to purchase up to approximately 4.6 million shares at an exercise price of $1.57 per share, as well as one year warrants to purchase up to roughly 6.1 million shares at $1.57 per share.
Stock Offerings: EpiCept
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