Deal sells 11.4 million units of one common share and three warrants
By Devika Patel
Knoxville, Tenn., Feb. 10 - Arch Therapeutics Inc. settled a $2.85 million private placement of units on Feb. 4, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced on Jan. 30.
The company sold 11.4 million units of one common share and three warrants at $0.25 per unit.
The life science company is based in Dublin, Ireland.
| Issuer: | Arch Therapeutics Inc.
|
| Issue: | Units of one common share and three warrants
|
| Amount: | $2.85 million
|
| Units: | 11.4 million
|
| Price: | $0.25
|
| Warrants: | Three warrants per unit
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Stock symbol: | OTCBB: ARTH
|
| Stock price: | $0.39 at close Jan. 29
|
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