Sabby Management, Advaxis
: Advaxis, Inc. (NASDAQ:ADXS
), a micro-cap biotech development company, has just seen Hal Mintz's Sabby Management disclose a 6.3% stake. Earlier today, Sabby revealed it has joined Alpha Capital Anstalt in another small biotech player
, DARA Biosciences Inc (NASDAQ:DARA
). We'll be watching this situation very closely.
Advaxis recently conducted a public offering of some 6.6 million shares and warrants at prices worth $4 per share of common stock, and $0.001 per warrant. The total gross proceeds after the offering amounted to $26.5 million.
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