May 3, 2016 11:54am
It’s down -40.67% - a sucker’s bet - The shares of common stock and warrants are immediately separable and will be issued individually – traders will buy and then sell the share keeping the warrant.
Neuralstem (CUR) priced its public offering of 20 M shares of its common stock at a public offering price of $0.40 per share and warrants to purchase 20,000,000 shares of common stock.
The warrants have an exercise price of $0.40 per share, are immediately exercisable and expire on the fifth anniversary of the date of issuance.
The Bottom line: a questionable offering?
The offering is expected to close on May 6, 2016, subject to customary closing conditions. Roth Capital Partners is acting as sole book-runner and Brean Capital is acting as co-manager in the offering.