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Alliqua plans common stock offering

Alliqua BioMedical Inc. intends to offer and sell its common shares in an underwritten public offering.

The company expects to grant underwriters an overallotment option to buy additional shares.

Net proceeds will be used for working capital and general corporate purposes, and to pay the company's monthly payment obligations under its credit agreement with Perceptive Credit Opportunities Fund LP.

Rodman & Renshaw is acting as the sole underwriter for the offering.