Deal sold 70.712 units of 100,000 shares and 50,000 five-year warrants
By Devika Patel
Knoxville, Tenn., Dec. 16 - Aethlon Medical, Inc. settled a $883,900 private placement of units on Dec. 10, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 70.712 units of 100,000 common shares and warrants for 50,000 shares at $12,500 per unit.
Each warrant is exercisable at $0.22 for five years. The strike price is a 57.14% premium to $0.14, the Dec. 9 closing share price.
Aethlon, based in San Diego, develops therapeutic medical devices to treat viral infections.
| Issuer: | Aethlon Medical, Inc.
|
| Issue: | Units of 100,000 common shares and warrants for 50,000 shares
|
| Amount: | $883,900
|
| Units: | 70.712
|
| Price: | $12,500
|
| Warrants: | Warrants for 50,000 shares per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.22
|
| Settlement date: | Dec. 10
|
| Stock symbol: | OTCBB: AEMD
|
| Stock price: | $0.14 at close Dec. 9
|
| Market capitalization: | $27.86 million
|
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