Indication intelligence, analysis and sector perception

Cesca Therapeutics (KOOL) cashes in on upside move pricing $2.5 M Registered Direct Offering

August 4, 2016 9:51am

Shares DOWN -$0.72 with 600 K shares at $4.10 being offered

KOOL entered into definitive subscription agreements with institutional investors to purchase 600,000 shares of common stock at a purchase price per share of $4.10 for gross proceeds of approximately $2.5 M in a registered direct offering.

No warrants were issued to investors in the offering. The closing of the transaction is expected to occur on August 9, 2016, subject to the satisfaction of customary closing conditions.

Maxim Group LLC is acting as the exclusive placement agent for the offering.

The Bottom Line: As expected … a 13.36% drop so far … having closed at $4.85 ...

35 companies, 1 interpreter!

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