, Feb. 10, 2012 /PRNewswire/ -- ChromaDex Corporation (OTCBB: CDXC), an innovative natural products company that provides proprietary, science-based solutions and ingredients to the dietary supplement, food & beverage, cosmetic and pharmaceutical industries, announced today that it closed the previously announced registered direct offering of common shares at a price per share of
. The company sold 9,966,666 shares of common stock for gross proceeds of approximately
. The shares were offered by ChromaDex Corporation pursuant to a shelf registration statement on Form S-3 previously declared effective by the Securities and Exchange Commission.
The company also closed the previously announced sale to investors including several members of ChromaDex's management of 4,933,329 restricted shares of common stock at a price per share of
per share for gross proceeds of approximately
ChromaDex Corporation plans to use the net proceeds from the offerings primarily to fund its recently launched
retail consumer line, and for general working capital purposes.
Aegis Capital Corp. acted as the sole placement agent for the offerings.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the prospectus supplement together with the accompanying prospectus can be obtained at the Securities and Exchange Commission's website at
or from Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 11th Floor,
New York, NY
, 10019, telephone: 212-813-1010 or email:
ChromaDex, Inc. is an innovative natural products company that provides proprietary, science-based solutions and ingredients to the dietary supplement, food & beverage, cosmetic and pharmaceutical industries. The company has an expanding pipeline of new ingredients, including its pTeroPure® pterostilbene for which it has worldwide, exclusive patent pending rights. The company recently launched its
line of dietary supplements, now available at
. Capitalizing on the diverse potential applications of the product, ChromaDex is also developing pTeroPure for the skincare and pharmaceutical markets, among others. pTeroPure is currently being studied in a human clinical trial at the
University of Mississippi
For more information about pTeroPure visit
or call 949-600-9694.