By Sheri Kasprzak
New York, March 13 - CNS Response, Inc. sealed a $7,008,448 private placement of stock connected to its recent merger with CNS Merger Corp.
The company issued 5,840,374 units at $1.20 each.
The units include one share and one warrant for three-tenths of a share. The whole warrants are exercisable at $1.80 each for five years.
Brean Murray, Carret & Co. was the placement agent for the deal.
Under the merger terms, CNS Response issued 17,744,625 shares to the stockholders of CNS Merger for 100% ownership of the company.
| Issuer: | CNS Response, Inc.
|
| Issue: | Units of one share and one warrant for three-tenths of a share
|
| Amount: | $7,008,448
|
| Units: | 5,840,374
|
| Price: | $1.20
|
| Warrants: | One warrant for three-tenths of a share
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.80
|
| Placement agent: | Brean Murray, Carret & Co.
|
| Settlement date: | March 7
|
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