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CASC

Cascadian Therapeutics

$1.68

0.06 (3.70%)

16:14
10/04/16
10/04
16:14
10/04/16
16:14

Cascade announces plan for reverse stock split

Cascadian Therapeutics, a clinical-stage biopharmaceutical company, announced that its board of directors has approved a plan for a reverse split of the company's common stock to increase its share price and reduce the number of authorized and outstanding shares. Cascadian plans to hold a special meeting on November 18 at the company's headquarters to obtain stockholder approval of the reverse split, proposed at a ratio of not less than 1-for-4 and not greater than 1-for-10, and to reduce the total authorized shares of the company's common stock by a ratio of two times the reverse split ratio.

CASC Cascadian Therapeutics
$1.68

0.06 (3.70%)

06/22/16
06/22/16
NO CHANGE

Cascade files to sell common stock, convertible preferred stock
Cascade announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Additionally, concurrently with the common stock offering, Cascadian Therapeutics intends to sell shares of Series D convertible preferred stock having an aggregate value of up to $13.8 million directly to affiliates of BVF Partners L.P., which are existing stockholders and affiliates of a member of the board of directors of Cascadian Therapeutics. Cowen and Company, LLC is acting as the sole book-running manager, and Trout Capital LLC is acting as a co-manager in the offering of common stock. Cowen and Company, LLC and Trout Capital LLC will also act as placement agents in connection with the sale of Series D convertible preferred stock.

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