May 10, 2016 8:54am
How do we realize desperation – unit offerings, load-up those warrants!
NYSE MKT: AST intends to offer shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering.
The shares of common stock and warrants to purchase shares of common stock are being offered as units.
The shares of common stock and warrants will be immediately separable and issued separately. Asterias intends to grant the underwriters an option to purchase an additional 15% of the securities sold in the offering. All securities in the offering are being offered by Asterias.
Raymond James & Associates, Inc. will act as the sole book-running manager for the offering.
AST closed DOWN -$0.06 to $4.37