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Stock Market & Financial Investment News

News Breaks
January 27, 2014
09:24 EDTKOOLThermogenesis raises $6.67M in a private placement
Thermogenesis announced that it has entered into definitive agreements with institutional investors in connection with a private placement of common stock and warrants to purchase common stock. Upon the closing of this financing, ThermoGenesis will receive gross proceeds of approximately $6.67 million resulting from the issuance and sale of approximately 3.33M shares of common stock at a price per share of $2.00. The purchasers will also receive warrants to purchase up to approximately 1.66M shares of common stock at an exercise price of $2.81 per share. The warrants are non-exercisable for six months after the closing of the financing and have a term of 5 years.
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September 1, 2015
09:10 EDTKOOLCesca Therapeutics secures $15M financing from institutional life sciences fund
Cesca Therapeutics announced the signing and initial closing of a definitive agreement on August 31 to raise $15M in senior secured convertible debentures and warrants from one institutional investor. The company intends to use the gross proceeds from the private placement for working capital in support of its ongoing clinical initiatives. The company received $5.5M in gross proceeds at the initial closing. At the second closing, the balance of $9.5M will be placed into a restricted control account and will be released to the company upon the achievement of agreed upon milestones, including approval from the California Institute for Regenerative Medicine of the company's application for matching funds in the form of a CIRM grant. The debentures bear no interest, may be convertible into shares of the company's common stock at a conversion price of $0.68 per share and are secured by all of the company's assets. In connection with the transaction, the company also issued Series A warrants to purchase up to 22,058,823 million shares of the common stock at $0.68 for a period of five and one-half years and Series B warrants to purchase up to 12,132,353 million shares of common stock at $0.68 for a period of eighteen months. The Series A and B warrants are subject to vesting based upon the amount of funds actually received by the company in the sale of the senior secured convertible debentures and are exercisable upon the earlier of the approval of the transaction by the company's stockholders and the 6 month anniversary of the issuance date.

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