With JPM on the cover - so far
The "proposed" maximum aggregate offering is 25 M shares
Prospectus can be accessed: http://investors.aastrom.com/secfiling.cfm?filingID=1104659-13-33806&CIK=887359. ASTM had $13.68 M as of 12/31/12.
The Bottom Line: They need the cash, the market is what it is ... hopefully the "force will be with them". Many will "balk" at the pricing and the dilution - but only the public markets could offer a redemption if milestones are defined and met. More to follow as "it" events unfold.
ASTM closed at $0.69 on Friday, 5/26/13 and is DOWN -$0.04 or -5.62% to $0.65 in the pre-open market. Expect a 10 - 15% drop in the pricing pre-event.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.