Unusual 11 Mid-Day Movers 03/27: (HSKA) (SHIP) (UPIP) Higher; (ADXS) (SPEX) (DGLY) Lower
Advaxis, Inc. (Nasdaq: ADXS) 25.8% LOWER; announced the pricing of an underwritten public offering of 4,080,000 shares of common stock at a public offering price of $3.00 per share. The Company expects to receive $12,240,000 in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the Company.
Spherix Incorporated (Nasdaq: SPEX) 22.8% LOWER; announced that it has commenced patent litigation in the United States District Court for the District of Delaware against Cisco Incorporated (Nasdaq: CSCO) alleging that the San Jose, CA based company infringes 11 patents owned by Spherix. These patents, developed by inventors