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Atossa Genetics closes public offering, private placement

Atossa Genetics Inc. closed its public offering of 5.3 million common shares at 27 cents apiece.

The company also closed its concurrent private placement where it issued and sold class A and class B warrants, exercisable for 10.6 million common shares, at 31.5 cents per share.

The warrants are exercisable starting six months from issuance. The class A and B warrants will expire eight months and 12 months after the initial issuance date, respectively.

Maxim Group LLC acted as sole placement agent for the offering.