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PHARMACEUTICALS
Untitled Page Published: September 21, 2009 10:35 AM



Spectrum Pharmaceuticals, continued ...

The warrants to purchase additional shares will be exercisable at a price of $7.55 per share beginning six months after issuance 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 for general corporate purposes.

The offering is expected to be finalized no later than September 21 subject to customary closing conditions.

New York, NY-based Rodman & Renshaw LLC, a subsidiary of Rodman & Renshaw Capital Group Inc., acted as the exclusive placement agent for the transaction.

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