BrainStorm raises capital

|About: BrainStorm Cell Therap... (BCLI)|By:, SA News Editor

BrainStorm Cell Therapeutics (BCLI -10.9%) raises gross proceeds of $10.5M in a private placement of common stock and warrants. It sells 42M shares of common at $0.25 (15% discount). Buyers also receive warrants to purchase 42M shares of common at $0.348/share. They are immediately exercisable and have a term of three years.