May 17, 2016 10:51am
Under the rights offering, CYTX will distribute one non-transferable subscription right for each share of common stock held on the record date.
Stockholders who own Cytori's stock as of 4:00 PM ET on Tuesday, 5/17/16 will be considered a stockholder of record on Friday, 5/20/16.
Each right will entitle the holder to purchase one unit at the subscription price, with each unit composed of one share of common stock and 0.5 of a warrant, with each whole warrant exercisable to purchase one share of common stock.
The subscription rights may only be exercised during the anticipated subscription period of Monday, May 23, 2016 through 5:00 PM ET on Thursday, June 9, 2016, unless extended.
Cytori has engaged Maxim Group LLC as dealer-manager for the rights offering.
CYTX closed at $2.45 and is UP +$0.35 in morning trade