WOODBURY, N.Y., Oct. 3, 2012 (GLOBE NEWSWIRE) -- Research Frontiers Incorporated (Nasdaq:REFR) today announced that it has entered into an agreement to sell 1,250,000 shares of its common stock, and warrants to purchase 250,000 shares of its common stock, to an institutional investor. Each share and corresponding warrant will be sold at an aggregate price of $4.49, resulting in gross proceeds of approximately $5,612,500. The warrants are exercisable for a period of five years beginning on the six-month anniversary of the closing date at an exercise price of $6.73 per share (approximately 150% of the aggregate offering price).
Research Frontiers Raises $5.6 Million In Private Placement Of Securities
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