Offer sells units of a share, one half-share warrant at $2.15 per unit
By Devika Patel
Knoxville, Tenn., July 23 – Helius Medical Technologies, Inc. took in $721,245 in the first tranche of a $991,621 private placement of units on June 26, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal raised another $270,375 on July 17.
The company sold 461,219 units of one common share and one half-share warrant at $2.15 per unit. It sold 335,463 units in the first tranche and 125,756 units in the second tranche.
Each whole warrant is exercisable at $3.00 for three years. The strike price is a 46.34% premium to the June 25 closing share price of $2.05.
The medical technology company is located in Newton, Pa.
| Issuer: | Helius Medical Technologies, Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $991,621
|
| Units: | 461,219
|
| Price: | $2.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $3.00
|
| Agent: | GVC Capital LLC
|
| Settlement dates: | June 26 (for $721,245.45), July 17 (for $270,375.40)
|
| Stock symbol: | OTCBB: HSDT
|
| Stock price: | $2.05 at close June 25
|
| Market capitalization: | $109.6 million
|
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