March 26, 2018 9:45am
KOOL closed at $2.68 and is down -$0.45 or -15.79%
Cesca Therapeutics Inc. (KOOL) has entered into definitive purchase agreements to sell in a registered direct offering 609,636 shares of its common stock at a purchase price of $2.27 per share. Additionally, the investors will receive unregistered warrants to purchase up to 304,818 shares of common stock.
The warrants have an exercise price of $2.68 per share and shall be exercisable commencing six months following the issuance date of the warrants and will expire 5.5 years from the issuance date.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
An offering givith and taketh away