February 2, 2021 12:52pm
PSTI is trading down-$1.0 or -13.94% to $6.42
A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
PSTI has entered into definitive agreements with institutional investors for the purchase and sale of 4,761,905 shares of its common stock at a purchase price of $6.30 per share in a registered direct offering.
Gross proceeds of $30 million before deducting placement agent fees and expenses.
The closing of the offering is expected to occur on or about February 4, 2021, subject to the satisfaction of customary closing conditions.
The Bottom line:
- 52-week change = +88.86$
- 52-week low of $2.82 and a high of $13.29
- Shares outstanding: 25.63 M
- Float: 18 M
- Cash (as of last Q = $40.44
- Total debt: $1.44 M