- The common stock and warrants will be sold in multiples of a fixed combination consisting of 1 share of common stock and a warrant to purchase 0.3 of a share of common stock at an exercise price of $3.55 per share of common stock;
- Investors have agreed to purchase the fixed combination for a price of $3.00;
- The warrants are exercisable beginning on the date of closing of this offering and will expire 5 years from the date of issuance;
- William Blair & Company and First Analysis Securities Corp acted as co-lead placement agents the offering.
The Bottom Line: ATHX to use the net proceeds from the offering for working capital and general corporate purposes. The closing of this offering is expected to occur on or about 2/2/11.