Full Press Release Details
Champions Oncology, Inc.
Telephone: 410-369-0365
Champions Oncology, Inc. Announces Pricing
of Public Offering of Common Stock
2,000,000 Shares Priced at $2.25 Per
Hackensack, N.J., June 9, 2016 -
Champions Oncology, Inc. (NASDAQ: CSBR), or the "Company", a company engaged in the development and sale of advanced
technology solutions and products to personalize the development and use of oncology drugs, today announced the pricing of its
previously announced underwritten public offering. The Company is offering 2,000,000 registered shares of its common stock, par
value $0.001 per share, at an offering price of $2.25 per share. In addition, Champions Oncology, Inc. has granted the underwriter
a 45-day over-allotment option to purchase up to 300,000 additional shares of common stock at the public offering price. All of
the shares are being offered by the Company. The shares of Champions Oncology, Inc. are currently trading on NASDAQ under the
National Securities Corporation, a wholly
owned subsidiary of National Holdings Corporation (NASDAQ:NHLD), is acting as Sole Bookrunner for the offering.
The Company expects net proceeds from the
offering, excluding the exercise of the over-allotment option, if any, to be approximately $3.85 million, after deducting the underwriting
discount and estimated offering-related expenses. Champions Oncology, Inc. intends to use the net proceeds of this offering for
research and development to grow the TumorGraft platform, and the balance of the net proceeds for working capital and general corporate
The offering is expected to close on June
15, 2016, subject to customary closing conditions.
statement on Form S-1 relating to these securities was filed with the U.S. Securities and Exchange Commission (SEC) and was declared
effective on June 9, 2016. Any offer will be made only by means of a prospectus forming a part of the effective registration statement.
Before investing, you should read the prospectus and other documents that the Company has filed or will file with the SEC, for
information about the Company and this offering. Copies of the prospectus relating to the offering, when available, may be obtained
by request to the offices of National Securities Corporation, Attn: Kim Addarich, Managing Director, 410 Park Avenue, 14th Floor,
New York, NY 10022, email: kaddarich@nhldcorp.com, telephone: (212)-417-8164, or on the SEC's website at http://www.sec.gov.
This press release does not constitute
an offer to sell or a solicitation of an offer to buy any securities of Champions Oncology, Inc. and shall not constitute an offer,
solicitation or sale of any security in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Champions Oncology, Inc.
Champions Oncology, Inc., or the "Company",
is engaged in the development of advanced technology solutions and services to personalize the development and use of oncology
drugs. The Company's technology platform is a novel approach to personalizing cancer care based upon the implantation
of primary human tumors in immune deficient mice followed by propagation of the resulting engraftments, or Champions TumorGrafts,
in a manner that preserves the biological characteristics of the original human tumor in order to determine the efficacy of a treatment
regimen. The Company uses this technology in conjunction with related services to offer solutions for two customer groups:
Personalized Oncology Solutions, in which results help guide the development of personalized treatment plans, and Translational
Oncology Solutions, in which pharmaceutical and biotechnology companies seeking personalized approaches to drug development can
lower the cost and increase the speed of developing new drugs. TumorGrafts are procured through agreements with a number of institutions
in the U.S. and overseas as well as through Champions' Personalized Oncology Solutions business.
For more information visit Champions Oncology, Inc's website
Susan Foreman, Champions Oncology, Inc.
Telephone: 410-369-0365
Susan Foreman, Champions Oncology, Inc.
Telephone: 410-369-0365