ContraFect Corporation (NASDAQ: CFRXU), a biotechnology company focused on protein and antibody therapeutic products for life-threatening infectious diseases, announced today the pricing of its initial public offering of 6,000,000 units priced at $6.00 per unit for total gross proceeds of $36,000,000. In addition, the offering was priced at the top of the $5.00-$6.00 range.
Maxim Group LLC is acting as the sole book-running manager of the offering.
The units are expected to begin trading on the NASDAQ Capital Market today, July 29, 2014, under the ticker symbol “CFRXU.” The offering is expected to close on August 1, 2014, subject to customary closing conditions. All units are being offered by ContraFect.