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NEW YORK (GenomeWeb) – Liquid biopsy developer Biocept announced a $15 million public offering today of up to about 33.3 million shares of its common stock with warrants to purchase up to an aggregate of approximately 33.3 million more shares at a combined price of $0.45.

The warrants will have a per share exercise price of $0.50, are exercisable immediately, and will expire five years from the date of issuance, the company said. Dawson James Securities and WestPark Capital are acting as placement agents in connection with the offering, and Dawson James served as sole bookrunner.

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