Arrowhead to raise $36M in private placement

Arrowhead Research Corp. (NASDAQ:ARWR) plans to raise $36 million through the sale of 14.3 million shares at $1.83 and 9,900 series B convertible preferred shares at $1,000 in a private placement. Each series B share converts at $1.83. Arrowhead was up $0.24 (13%) to $2.06 on Tuesday. ...