Published on 1/14/2010 in the Prospect News PIPE Daily.
New Issue: GelTech sells $1.28 million of stock, warrants in private placement
By Marisa Wong
Milwaukee, Jan. 14 - GelTech Solutions, Inc. raised $1.28 million through a private placement of stock and warrants, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1.28 million common shares and 1.28 million three-year warrants to purchase GelTech stock, exercisable at $1.60 per share.
Jupiter, Fla.-based GelTech is a biotechnology company.
| Issuer: | GelTech Solutions, Inc.
|
| Issue: | Common shares, warrants
|
| Amount: | $1,275,000
|
| Shares: | 1,275,000
|
| Warrants: | 1,275,000
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $1.60
|
| Settlement date: | Jan. 13
|
| Stock symbol: | OTCBB: GLTC
|
| Stock price: | $1.86 at close Jan. 14
|
| Market capitalization: | $25.78 million
|
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