Neuralstem announces offering, shares fall

Neuralstem (CUR -5.7%) slides after announcing a 6.75M share registered direct placement.

The price to the "leading institutional investors" is $2.91 per share.

Gross proceeds to the company: $19.65M.

Investors will also receive a warrant to purchase half the number of shares they bought in the offering at an exercise price of $3.64 per share. (PR)

Comments (1)
  • MichaelJ8
    , contributor
    Comments (869) | Send Message
    oh yea, CUR has another 19+ million... dilution is okay folks for a young biotech with so much promise.
    5 Jan 2014, 12:34 AM Reply Like
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