StemCells (STEM) announces plans to sell more common stock and warrants in an effort to raise...

|By:, SA News Editor

StemCells (STEM) announces plans to sell more common stock and warrants in an effort to raise funds for product development. The offer comes as a surprise to investors, considering the company effected a 1-for-10 reverse stock split earlier this year as part of an effort to meet Nasdaq listing rules and increase the shares' appeal to investors. Shares -10.7% AH.