Units of shares and either one warrant or one half-share warrant sold
By Devika Patel
Knoxville, Tenn., June 29 – AntriaBio, Inc. settled a $12 million private placement of units. The deal priced for $3.27 million on May 31.
The company sold units of one common share and either one warrant or one half-share warrant at $1.10 per unit. It sold 2,967,935 units in the first tranche.
Investors who invested in one of AntriaBio’s previous private placement transactions and also invested a minimum of $50,000 in this private placement received whole warrants in their units. Other investors received half-share warrants in their units.
Each whole warrant is exercisable at $1.65 for five years. The strike price is a 79.35% premium to the May 27 closing share price of $0.92.
The biopharmaceutical company is based in Louisville, Colo.
| Issuer: | AntriaBio, Inc.
|
| Issue: | Units of one common share and either one warrant or one half-share warrant
|
| Amount: | $12 million
|
| Price: | $1.10
|
| Warrants: | Either one warrant or one half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.65
|
| Settlement dates: | May 31 (for $3,264,729), June 29
|
| Stock symbol: | OTCBB: ANTB
|
| Stock price: | $0.92 at close May 27
|
| Market capitalization: | $22.39 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.
