CYTX will offer 4,000,000 shares of common stock. Public offering Price: $4.50.
In addition, CYTX has granted the underwriter an option for a period of 30 days to purchase up to an additional 600,000 shares of common stock to cover overallotments.
- 7,072,177 shares of common stock issuable upon the exercise of outstanding stock options with a weighted average exercise price of $5.19 per share, under our stock plans;
- 11,774,104 shares of common stock reserved for issuance under various outstanding warrant agreements with a weighted average exercise price of $3.81 per share (prior to giving effect to antidilution adjustments as a result of this offering); and
- 1,340,885 shares of common stock reserved for future grant under the 2004 Equity Incentive Plan;
- Upon completion of this offering, CYTX will have 49,909,194 shares of common stock outstanding based on 45,909,194 shares of common stock outstanding as of 10/6/10.
CYTX estimates that the net proceeds from the sale of the 4 M shares of common stock will be approximately $16.8 M or approximately $19.3 M if the underwriter exercises in full its option to purchase 600,000 additional shares of common stock, after deducting the underwriting discounts and commissions and estimated offering expenses payable by CYTX.