T.R. Winston is the agent; investors receive five-year warrants
By Devika Patel
Knoxville, Tenn., Jan. 3 - Neuralstem, Inc. said it will conduct a $19.65 million registered direct placement of stock. T.R. Winston & Co., LLC is the agent.
The company will sell 6,752,744 common shares at $2.91 apiece. The price per share is a 7.91% discount to the Jan. 2 closing share price of $3.16.
For every share purchased, investors will also receive a half-share warrant. Each whole warrant is exercisable at $3.64 for five years. The strike price reflects a 15.19% premium to the Jan. 2 closing share price.
Settlement is expected on Jan. 8.
Based in Rockville, Md., Neuralstem develops technologies to transplant human neural stem cells.
| Issuer: | Neuralstem, Inc.
|
| Issue: | Common stock
|
| Amount: | $19,650,485
|
| Shares: | 6,752,744
|
| Price: | $2.91
|
| Warrants: | One half-share warrant per share
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $3.64
|
| Agent: | T.R. Winston & Co., LLC
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 8
|
| Stock symbol: | Amex: CUR
|
| Stock price: | $3.16 at close Jan. 2
|
| Market capitalization: | $228.45 million
|
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