Units sold at $0.21 each with five-year warrants exercisable at $0.28
By Devika Patel
Knoxville, Tenn., June 21 - Accentia Biopharmaceuticals, Inc. completed a $225,000 private placement of units on June 15, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,071,432 units of one common share and a half-share warrant at $0.21 per unit.
The whole warrants will be exercisable at $0.28 until June 15, 2017. The strike price is a 21.74% premium to the June 14 closing share price of $0.23.
Accentia is a biopharmaceutical company based in Tampa, Fla.
| Issuer: | Accentia Biopharmaceuticals, Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $225,000
|
| Units: | 1,071,432
|
| Price: | $0.21
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 15, 2017
|
| Warrant strike price: | $0.28
|
| Settlement date: | June 15
|
| Stock symbol: | OTCBB: ABPI
|
| Stock price: | $0.23 at close June 14
|
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