Renewable materials company BioAmber Inc. has entered into an underwriting agreement with Rodman & Renshaw, a unit of H.C. Wainwright & Co. LLC, as sole book running manager and representative of several underwriters, under which the underwriters have agreed to purchase on a firm commitment basis a minimum of 2,105,264 shares of common stock of the company, together with warrants to purchase a minimum of 1,052,632 shares of common stock of the company with an exercise price of $5.50 per share of common stock (the “Exercise Price”), at a price to the public of $4.75 per share and associated warrant (the “Public Price”).
Charles Ross & Son Co. Vice President of Corporate Operations Joseph Martorana announced the successful completion of the largest Ross manufacturing facility to date.
In its ongoing effort to continue supplying specialty silane, silicone and metal-organic materials efficiently and in a timely manner, Gelest Inc. has relocated its packing and shipping operations.