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ARTICLE | Financial News

Rockwell dips after $58.5M follow-on

November 21, 2014 2:56 AM UTC

Rockwell Medical Inc. (NASDAQ:RMTI) lost $0.90 to $8.91 on Thursday after it raised $58.5 million through the sale of 6.5 million shares at $9 in a follow-on underwritten by BofA Merrill Lynch; Stifel; Summer Street; Craig-Hallum; Chardan Capital; and LifeSci Capital. The company proposed to raise $55 million in the offering after market close on Monday, when its share price was $10.58. ...