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Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:31 EDTNBSNeoStem announces access to new $30M equity facility
NeoStem announced that it has filed today with the U.S. Securities and Exchange Commission a prospectus supplement to its shelf registration statement enabling it to access its new equity facility with Aspire Capital Fund which replaced the prior agreement under which the company received the full $20M in equity funding. Under the new agreement, NeoStem has the right to sell up to $30M in shares of common stock to Aspire Capital subject to certain terms and conditions over a two-year period. The agreement represents an additional tool to provide the company with additional capital and flexibility. As of the March 31, the company had approximately $41M of cash and cash equivalents available to fund operations.
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August 7, 2014
16:57 EDTNBSNeoStem reports Q2 revenue $4.5M, consensus $4.75M
Reports Q2 net loss ($12.8M) compared with ($8.6M) for the three months ended June 30, 2013. EPS consensus (30c). At June 30, NeoStem's cash and cash equivalents, and marketable securities totaled $33.8M.

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