Deal sells 1.17 million common shares at $0.25, a 40.48% discount
By Devika Patel
Knoxville, Tenn., Sept. 9 - CNS Response, Inc. completed a $292,500 private placement of stock with 11 investors between Sept. 3 and Sept. 9, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 1.17 million common shares at $0.25 apiece, a 40.48% discount to the closing share price, $0.42, on Aug. 26.
CNS Response develops and commercializes new indications of approved drugs and drug candidates.
| Issuer: | CNS Response, Inc.
|
| Issue: | Common stock
|
| Amount: | $292,500
|
| Shares: | 1.17 million
|
| Price: | $0.25
|
| Warrants: | No
|
| Settlement date: | Sept. 3 through Sept. 9
|
| Stock symbol: | OTCBB: CNSO
|
| Stock price: | $0.42 at close Sept. 2
|
| Market capitalization: | $34.08 million
|
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