Published on 7/10/2009 in the Prospect News PIPE Daily.
New Issue: NanoViricides consummates $1.05 million private placement of shares
By Devika Patel
Knoxville, Tenn., July 10 - NanoViricides, Inc. concluded a $1.05 million private placement of stock on July 7, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 2,100,700 common shares at $0.50 apiece.
Investors also received five-year warrants for 1,050,350 common shares, which are exercisable at $1.00 per share.
NanoViricides is a West Haven, Conn., biopharmaceutical company.
Issuer: | NanoViricides, Inc.
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Issue: | Common shares, warrants
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Amount: | $1,050,350
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Shares: | 2,100,700
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Price: | $0.50
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Warrants: | For 1,050,350 shares
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Warrant expiration: | Five years
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Warrant strike price: | $1.00
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Settlement date: | July 7
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Stock symbol: | OTCBB: NNVC
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Stock price: | $0.58 at close July 7
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Market capitalization: | $77.5 million
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