Published on 8/29/2008 in the Prospect News PIPE Daily.
New Issue: NanoViricides seals $3.29 million private placement of shares
By Devika Patel
Knoxville, Tenn., Aug. 29 - NanoViricides, Inc. concluded a $3.29 million private placement of stock on Aug. 22, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 3,286,000 common shares at $1.00 apiece.
Investors also received three-year warrants for 1,643,000 common shares, which are exercisable at $2.00 per share.
NanoViricides is a West Haven, Conn., biopharmaceutical company.
Issuer: | NanoViricides, Inc.
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Issue: | Common shares, warrants
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Amount: | $3,286,000
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Shares: | 3,286,000
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Price: | $1.00
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Warrants: | For 1,643,000 shares
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Warrant expiration: | Three years
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Warrant strike price: | $2.00
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Settlement date: | Aug. 22
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Stock symbol: | OTCBB: NNVC
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Stock price: | $1.21 at close Aug. 22
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