Antigenics sells $10m stock in private placement memorandum offering

Lexington biotechnology company Antigenics Inc.sold 5 million shares of stock at $2 per share in a private placement for $10 million.

The company said the buyer of the shares also received warrants to buy as many as 2.5 million shares over the next six months at $2 per share, and warrants to buy up to 2.2 million shares at $2.30 per share over the next four years. The deal is expected to close by Monday.

Antigenics said it will use the proceeds from the sale to fund commercial and regulatory efforts, including sales of its cancer drug Oncophage in Russia, Europe, and elsewhere.

The company’s stock closed at $2.38 on Thursday.

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PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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