NEW YORK (GenomeWeb) – Great Basin on Monday said it plans to raise $3.5 million in net proceeds in a public offering of securities.

In a document filed with the US Securities and Exchange Commission, the firm said that it plans to offer 4 million units comprised of either Class A or Class B units, together with 4 million shares of common stock included in the Class A units, 20,000 shares of common stock underlying Series J warrants, and 4 million shares of common stock underlying prefunded Series K warrants.