Company sells 384,615 units of one common share, a half-share warrant
By Devika Patel
Knoxville, Tenn., March 11 – ChromaDex Corp. settled a $500,000 registered direct offering of units on March 11, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 384,615 units of one common share and a half-share warrant at $1.30 per unit. The whole warrants are each exercisable at $1.60 for three years. The strike price is a 6.67% premium to the March 10 closing share price of $1.50.
ChromaDex, based in Irvine, Calif., is a supplier of phytochemical reference standards and reference materials, related contract services and products for the dietary supplement, nutraceutical, food and beverage, functional food, pharmaceutical and cosmetic markets.
| Issuer: | ChromaDex Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $500,000
|
| Shares: | 384,615
|
| Price: | $1.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $1.60
|
| Settlement date: | March 11
|
| Stock symbol: | OTCBB: CDXC
|
| Stock price: | $1.50 at close March 10
|
| Market capitalization: | $160.4 million
|
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