Home | Business News | Browse by Publication | B | Business Wire

Advaxis Completes Debt Financing.

Publication: Business Wire
Publication Date: 18-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NORTH BRUNSWICK, N.J. -- Advaxis, Inc. (OTCBB: ADXS), has received approximately $1.0 million in gross proceeds through a debt financing transaction.

In the financing, senior secured promissory notes (Notes) were issued at an original issue discount of 15% whereby each Note had a $1,000 face value per every $850 invested. All Notes mature on December 31, 2009. If there is a qualified equity financing in place at maturity, the Notes can be converted into the same securities sold in the qualified equity financing at...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
State Street Corporation Announces Quarterly Dividend., June 18, 2009
Schaeffer's Advanced Options: Forming a Forecast for a Short Call Spre..., June 18, 2009
GTC Biotherapeutics Enters Agreements with LFB for Funding of $12.3 Mi..., June 18, 2009
Capella University's Latest 'Inside Online Education' Podcast Features..., June 18, 2009
Littelfuse Team Takes Global ASQ Honors for Lean/Six Sigma Solution., June 18, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.