The financing consists of 10 million shares of Series J Convertible Preferred Stock, convertible into common stock, at $2 a share to raise gross proceeds of $20 million.
The stock was up 7.18% to $1.94 at 9:57 a.m.
Trade-Ideas LLC identified Spherix (SPEX) as a weak on high relative volume candidate
Shares of Spherix (SPEX) are rising Tuesday morning after the company announced a second licensing deal with RPX (RPXC).
TheStreet highlights 3 stocks that pushed the Health Services industry