Deal sells 1,778,750 shares at $4.00 apiece with four-year warrants
By Devika Patel
Knoxville, Tenn., June 18 – RestorGenex Corp. settled a $7.12 million private placement of stock on June 13, according to an 8-K filed Thursday with the Securities and Exchange Commission. Maxim Group LLC was the agent.
The company sold 1,778,750 common shares at $4.00 per share.
Investors also received warrants for 533,625 shares, each of which is exercisable at $4.80 for four years.
The price per share and warrant strike price are a 2.44% discount and 17.07% premium to the June 12 closing share price of $4.10.
The biopharmaceutical company is based in Los Angeles.
Issuer: | RestorGenex Corp.
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Issue: | Common stock
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Amount: | $7,115,000
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Shares: | 897,310
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Price: | $4.00
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Warrants: | For 533,625 shares
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Warrant expiration: | Four years
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Warrant strike price: | $4.80
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Agent: | Maxim Group LLC
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Settlement date: | June 13
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Stock symbol: | OTCBB: RESX
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Stock price: | $4.10 at close on June 12
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Market capitalization: | $63.23 million
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