By Sheri Kasprzak
Atlanta, May 2 - MacroPore Biosurgery Inc. said it plans to raise $11 million in a private placement.
The offering includes 1.1 million shares at $10.00 each.
A single investor has agreed to subscribe for the deal, which is set to close May 31. That investor will be granted a voting seat on the company's board of directors.
The investor will also have an option to buy an additional 2.2 million shares at $10.00 each through Dec. 31, 2006.
Based in San Diego, MacroPore develops regenerative cell therapies. The proceeds will be used for the research and development of the company's regenerative cell technology.
| Issuer: | MacroPore Biosurgery Inc.
|
| Issue: | Stock
|
| Amount: | $11 million
|
| Shares: | 1.1 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Greenshoe: | For 2.2 million additional shares
|
| Greenshoe expiration: | Dec. 31, 2006
|
| Announcement date: | May 2
|
| Settlement date: | May 31
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
