Units of one common share and one three-year warrant sold in offering
By Devika Patel
Knoxville, Tenn., April 6 – AntriaBio, Inc. sold about $2 million of its units in a private placement on March 31, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold units of one common share and one warrant at $1.85 per unit. Each warrant is exercisable at $2.50 for three years. The strike price is a 38.89% premium to the March 30 closing share price of $1.80.
The biopharmaceutical company is based in Menlo Park, Calif.
| Issuer: | AntriaBio, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $2 million
|
| Price: | $1.85
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $2.50
|
| Settlement date: | March 31
|
| Stock symbol: | OTCBB: ANTB
|
| Stock price: | $1.80 at close March 30
|
| Market capitalization: | $37.63 million
|
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