Deal also includes five-year warrants with a strike price of $1.48
By Devika Patel
Knoxville, Tenn., Nov. 26 – Amedica Corp. settled a $13.04 million sale of units on Nov. 26, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 11,441,646 units of one common share and one warrant at $1.14 per unit. The warrants are each exercisable at $1.48 for five years. The strike price reflects an 18.35% premium to the Nov. 25 closing share price of $1.58.
In addition, Amedica issued an additional 1,716,246 warrants as part of the greenshoe. These warrants are exercisable at $1.48 for five years.
Dawson James Securities, Inc. was the bookrunner.
The commercial biomaterial company is based in Salt Lake City.
| Issuer: | Amedica Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $13,043,476
|
| Greenshoe: | 1,716,246 warrants
|
| Units: | 11,441,646
|
| Price: | $1.14
|
| Warrants: | One warrant per unit, 1,716,246 warrants as part of the greenshoe
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.48
|
| Bookrunner: | Dawson James Securities, Inc.
|
| Settlement date: | Nov. 26
|
| Stock symbol: | Nasdaq: AMDA
|
| Stock price: | $0.95 at close Nov. 25
|
| Market capitalization: | $12.97 million
|
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