By Devika Patel
Knoxville, Tenn., July 6 - GenSpera, Inc. took in $2.13 million from a private placement of units on June 30, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold the units at $1.50 apiece. Each unit consists of one common share and a half-share warrant.
Each whole warrant is exercisable at $3.00 for five years.
The private company is based in San Antonio.
| Issuer: | GenSpera, Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $2,131,334
|
| Price: | $1.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $3.00
|
| Settlement date: | June 30
|
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