Neuralstem announces offering, shares fall

|By:, SA News Editor

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)