Published on 6/18/2009 in the Prospect News PIPE Daily.
New Issue: CNS Response completes $1 million placement of convertibles due 2010
By Devika Patel
Knoxville, Tenn., June 18 - CNS Response Inc. settled a $1 million private placement of a secured convertible promissory note with John Pappajohn on June 12, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The note will mature on June 30, 2010.
Pappajohn also received warrants for 3,333,333 common shares, which are exercisable at $0.30 until June 30, 2016.
CNS Response is a Costa Mesa, Calif.-based drug company.
Issuer: | CNS Response Inc.
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Issue: | Secured convertible promissory note
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Amount: | $1 million
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Maturity: | June 30, 2010
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Price: | Par
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Warrants: | For 3,333,333 shares
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Warrant expiration: | June 30, 2016
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Warrant strike price: | $0.30
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Investor: | John Pappajohn
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Settlement date: | June 12
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Stock symbol: | OTCBB: CNSO
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Stock price: | $0.40 at close June 12
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Market capitalization: | $5.06 million
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