Motivation Behind Dendreon's $47 Million Capital Raise (DNDN)

[24/7 Wall St.]

<b>24/7 Wall St. Daily News</b>

After looking through the filing and press release regarding Dendreon Corporation (NASDAQ: DNDN), there are some interesting data points that could be a game changer for current and future investors. The company raised roughly $47 million in gross proceeds in a private sale of securities to an institutional investor. The original filing showed $29.36 million as the filing amount, but the existing shelf registration is much larger. Lazard Capital Markets acted as the sole placement agent for this offering. This offering put the per share purchase price at $5.92 for some 8 million shares and warrants to repurchase up to...<div class="feedflare">
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complete story here... (http://www.247wallst.com/2008/04/motivation-behi.html)