April 9, 2018 9:53am

KOOL closed (Friday 4/6/18) down -$0.01 at $1.66

... And now another financing proposed as stock drops -$0.20 or -12.05% to $1.46

At the moment in time, each unit is consisting of one share of common stock and one common warrant to purchase 0.5 shares of common stock

On 3/26 (Monday), KOOL had entered into agreements for institutional investors to buy 609,636 shares for $2.27 each. There was a 15% discount to the price ($2.68) where Cesca shares closed the previous Friday. The stock had fallen $0.45, or 16.8%, to $2.23 on 3/26.

Investors had also received stock-purchase warrants allowing them to buy up to an additional 304,818 Cesca shares for $2.68 each, for up to five-and-a-half years after the private placement is completed.

KOOL had said it received up to $1.38 million in gross proceeds from the offering, before deducing placement agent fees and other expenses. H.C. Wainwright & Co. acted as its placement agent for the offering. This will be the third (3rd) time in five (5) months that KOOL has sold stock to raise capital. In December, KOOL raised $2.7 million in a follow-on offering.

HC Wainright & Co is again to act as its exclusive placement agent in connection with this offering.


Wait and see as the market responds ...