Neuralstem announces registered direct placement of 5,200,000 shares of common stock

Neuralstem, Inc. (NYSE Amex: CUR) announced today that it has entered into agreements with certain institutional and accredited investors for a registered direct placement of 5,200,000 shares of common stock at a price of $1.00 per share for aggregate gross proceeds of $5,200,000.

In addition, the Company will issue to each investor a warrant to purchase a number of shares of common stock equal to the number of shares purchased by the investor in the offering. The warrants have an exercise price of $1.02 per share and are exercisable starting six months from the issuance date for a term of five years.

The offering is expected to close on or about February 10, 2012, subject to satisfaction of customary closing conditions.

T.R. Winston & Company, LLC acted as the exclusive placement agent for the offering.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.