Applied DNA plans public offering of its shares

20/12/2018
Applied DNA Sciences, a provider of DNA-based product authentication solutions, has announced its intention to launch a public offering, which would see it offer for a sale a combination of shares of its common stock and warrants to purchase shares of its common stock.

The company said it would use the proceeds of this offering for working capital, capital expenditures, business development and research and development costs.

It explained that the offering is subject to market conditions and said it could offer no assurance as to whether or when the offering may be completed.