Deal offers 4 million shares $0.18 each, warrants for 2 million shares
By Devika Patel
Knoxville, Tenn., April 16 ‑ Guided Therapeutics, Inc. settled a $720,000 private placement of stock on April 15, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 4 million common shares $0.18 per share, which is a 28.57% premium to the April 14 closing share price of $0.14.
The investors also received warrants for 2 million shares.
The medical technology company is based in Norcross, Ga.
Issuer: | Guided Therapeutics, Inc.
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Issue: | Common stock
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Amount: | $720,000
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Shares: | 4 million
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Price: | $0.18
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Warrants: | For 2 million shares
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Settlement date: | April 15
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Stock symbol: | OTCBB: GTHP
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Stock price: | $0.14 at close April 14
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Market capitalization: | $17.4 million
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