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America First Multifamily Investors, L.P.
America First Tax Exempt Investors, L.P. Announces Pricing of Public Offering of Shares Representing Assigned Limited Partnership Interests
OMAHA, Neb., May 22, 2009 (GLOBE NEWSWIRE) -- America First Tax Exempt Investors, L.P. (Nasdaq:ATAX) announced the pricing of an underwritten public offering of 3,500,000 shares representing assigned limited partnership interests at $5.00 per share, raising approximately $16,450,00 in net proceeds for the Company after payment of underwriting discounts and commissions. The Company has granted the underwriters a 30-day option to purchase up to 525,000 additional shares at the same price per share in order to cover over-allotments, if any. The offering was made pursuant to a shelf registration statement filed with the Securities and Exchange Commission and is expected to close on May 28, 2009, subject to the satisfaction of customary closing conditions.
Vical to Raise $15.4 Million in Registered Direct Offering
SAN DIEGO, May 22, 2009 (GLOBE NEWSWIRE) -- Vical Incorporated (Nasdaq:VICL) today announced that it has received commitments from two institutional investors, including Federated Kaufmann Fund, to purchase approximately $15.4 million of securities in a registered direct offering. Vical expects to receive net proceeds of approximately $14.6 million after deducting placement agent fees and other offering expenses. Under the terms of a Securities Purchase Agreement, Vical will sell an aggregate of 6,666,667 shares of its common stock and options to purchase up to 3,333,333 additional shares of its common stock. Each unit, consisting of one share of common stock and an option to purchase approximately one-half of a share of common stock, will be sold for a purchase price of $2.3125. The options to purchase additional shares will be exercisable six months after issuance at $2.25 per share and will expire 90 days from the date they are first exercisable. All of the securities were offered pursuant to an effective shelf registration statement. Proceeds from the transaction will be used in the further development of Vical's ongoing programs, as well as for other general corporate purposes.