Indication intelligence, analysis and sector perception

Vericel (VCEL) investor converts Series A Preferred Stock

November 29, 2016 2:30pm

Electing to convert 1,250 shares of preferred stock into 1.25 M shares with shares falling -$0.03 - SELL

Stonepine Capital, LP an existing holder of shares of the VCEL's Series A Preferred Stock elected to convert 1,250 shares of Preferred Stock into 1,250,000 shares of the VCEL's common stock pursuant to the terms of the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock dated as of December 21, 2015.

The Bottom Line: After the conversion on November 28, 2016, zero shares of Preferred Stock of the Company will remain outstanding although dilution will ensue...

VCEL closed at $2.50 and is trading -$0.03 at $2.47 … it “ain’t” over, are they cleaning the “books” for a potential offering?

... SELL ...

35 companies, 1 interpreter!

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