Seeking Alpha

Ruthigen prices IPO

  • (RTGN) offers 2.65M units for $7.25. Each unit consists of one share of common stock and one Series A warrant.
  • The Series A warrants are immediately exercisable into one share of common at $7.25 plus one Series B warrant. The term is 2 years.
  • The Series B warrants are immediately exercisable into one share of common at 125% of the IPO price. The term is 5 years.
  • The company develops and commercializes pharmaceutical-grade hypochlorous acid to treat infections.
  • The firm has yet to generate any sales.
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