Vical planning offering

Vical Inc. (NASDAQ:VICL) said it plans to raise $15.4 million through the sale of 6.7 million units at $2.31 to Federated Kaufmann Fund and an undisclosed second investor in a registered direct offering. Each unit comprises a share and a warrant to purchase half a share, with each whole share warrant exercisable at $2.25 per share. The warrants will be exercisable for 90 days beginning six months after issuance. Rodman is placement agent for the offering, which is expected to close next week. ...