GenVec raises $28 million

GenVec Inc. (NASDAQ:GNVC) raised $28 million through the sale of 14 million units at $2 in a previously announced registered direct offering. Each unit comprises a share and a five-year warrant to purchase 0.3 shares, with each whole share warrant exercisable at $2.75. Roth Capital Partners and Merriman Curhan Ford were placement agents. ...