Neuralstem (Amex: CUR) selling $5.2M in Registered Direct Offering
Neuralstem (NYSE Amex: CUR) to Raise $5.2M in Registered Direct Offering
Amex: CUR has entered into agreements for a registered direct placement of 5,.M shares of common stock at a price of $1.00 per share for aggregate gross proceeds of $5,200,000.
In addition, CUR will issue to each investor a warrant to purchase a number of shares of common stock equal to the number of shares purchased by the investor in the offering. The warrants have an exercise price of $1.02 per share and are exercisable starting six months from the issuance date for a term of 5 years.
- The offering is expected to close on or about 2/10/12, subject to satisfaction of customary closing conditions.
- T.R. Winston & Company, LLC acted as the exclusive placement agent for the offering.
- Surprisingly, Amex: CUR was UP $0.05 <+4.94%> to $1.07
Categories: Financing, Neuralstem (AMEX:CUR)
