T.R. Winston is the agent; investors also receive five-year warrants
By Devika Patel
Knoxville, Tenn., Sept. 5 - Neuralstem, Inc. said it will conduct a $4.06 million registered direct placement of stock.
The company will sell 2,535,000 common shares at $1.60 apiece. The price per share is identical to the Sept. 4 closing share price.
For every share purchased, investors will also receive a half-share warrant. Each whole warrant is exercisable at $2.00 for five years. The strike price reflects a 25% premium to the Sept. 4 closing share price.
T.R. Winston & Co., LLC is the agent. Settlement is expected Sept. 9.
Based in Rockville, Md., Neuralstem develops technologies to transplant human neural stem cells.
| Issuer: | Neuralstem, Inc.
|
| Issue: | Common stock
|
| Amount: | $4,056,000
|
| Shares: | 2,535,000
|
| Price: | $1.60
|
| Warrants: | One half-share warrant per share
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.00
|
| Agent: | T.R. Winston & Co., LLC
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 9
|
| Stock symbol: | Amex: CUR
|
| Stock price: | $1.60 at close Sept. 13
|
| Market capitalization: | $119.64 million
|
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