Investor also receives five-year warrants for 4.5 million common shares
By Devika Patel
Knoxville, Tenn., Nov. 18 – Manhattan Scientifics Inc. settled a $1.98 million private placement of stock with two investors on Nov. 14, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 18 million common shares at $0.11 apiece, an 8.33% discount to the Nov. 13 closing share price of $0.12.
The lone investor also received warrants for 4.5 million shares; the five-year warrants are each exercisable $0.1265, a 5.42% premium to the Nov. 13 closing share price.
The New York company operates as a technology incubator that seeks to acquire, develop and commercialize life-enhancing technologies in various fields, with emphasis in the areas of nanotechnology.
| Issuer: | Manhattan Scientifics Inc.
|
| Issue: | Common stock
|
| Amount: | $1.98 million
|
| Shares: | 18 million
|
| Price: | $0.11
|
| Warrants: | For 4.5 million shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.1265
|
| Settlement date: | Nov. 14
|
| Stock symbol: | OTCBB: MHTX
|
| Stock price: | $0.12 at close Nov. 13
|
| Market capitalization: | $59.08 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
