Company sells 2.7 million units on top of IPO for 11.25 million units
By Marisa Wong
Madison, Wis., Jan. 8 – CohBar, Inc. completed a private placement of units on Jan. 6, raising $2.7 million, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 2.7 million units at a price of $1.00 per unit.
The private placement was completed alongside CohBar’s previously announced initial public offering.
The terms of the concurrently placed units and the shares of common stock and warrants making up those units are identical to the terms of the units and underlying securities issued in the IPO.
The company sold 11.25 million units of one common share and a half-share warrant at $1.00 per unit, as previously reported.
Haywood Securities Inc. was the agent for the public offering.
Proceeds will be used for working capital.
The biotechnology company is based in Pasadena, Calif.
| Issuer: | Cohbar, Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $2.7 million
|
| Units: | 2.7 million
|
| Price: | $1.00
|
| Warrants: | One half-share warrant per unit
|
| Settlement date: | Jan. 6
|
| Stock symbol: | TSX Venture: COB.U
|
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