Deal includes warrant for 267,380 common shares, exercisable at $187
By Devika Patel
Knoxville, Tenn., Nov. 7 – Amedica Corp. settled a $1 million bridge loan with Hampshire MedTech Partners II, LP on Nov. 6, according to an 8-K filed Friday with the Securities and Exchange Commission.
The 15% loan is due on Dec. 17, 2014.
Hampshire also received warrants for 267,380 shares, which are each exercisable at $1.87 until Nov. 5, 2019. The strike price reflects an 18.35% premium to the Nov. 5 closing share price of $1.58.
The commercial biomaterial company is based in Salt Lake City.
| Issuer: | Amedica Corp.
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| Issue: | Bridge loan
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| Amount: | $1 million
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| Maturity: | Dec. 17, 2014
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| Coupon: | 15%
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| Warrants: | For 267,380 shares
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| Warrant expiration: | Nov. 5, 2019
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| Warrant strike price: | $1.87
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| Investor: | Hampshire MedTech Partners II, LP
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| Settlement date: | Nov. 6
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| Stock symbol: | Nasdaq: AMDA
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| Stock price: | $1.58 at close Nov. 5
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| Market capitalization: | $17.13 million
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