Published on 6/17/2011 in the Prospect News PIPE Daily.
Fibrocell Science concludes $1.72 million private placement of shares
Company offers 1,908,889 common shares at $0.90 apiece to investors
By Devika Patel
Knoxville, Tenn., June 17 - Fibrocell Science, Inc. settled a $1.72 million private placement of stock on June 16, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 1,908,889 common shares at $0.90 apiece. The per-share price represents a 21.05% discount to the June 15 closing share price of $1.14.
Fibrocell is a biotechnology company based in Exton, Pa.
| Issuer: | Fibrocell Science, Inc.
|
| Issue: | Common stock
|
| Amount: | $1,718,000
|
| Shares: | 1,908,889
|
| Price: | $0.90
|
| Warrants: | No
|
| Settlement date: | June 16
|
| Stock symbol: | OTCBB: FCSC
|
| Stock price: | $1.08 at close June 16
|
| Market capitalization: | $32.77 million
|
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