New Issue: Tianyin Pharmaceutical seals $4.99 million private placement of units

By Devika Patel

Knoxville, Tenn., Oct. 30 - Tianyin Pharmaceutical Co., Inc. raised $4.99 million in a private placement of units on Tuesday, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 1,534,570 units of one common share and one fifth-share warrant at $3.25 apiece. The whole warrants are exercisable at $4.50 for three years.

Tripoint Global Equities was the agent.

Tianyin is a pharmaceutical company located in Chengdu, China.

Issuer:	Tianyin Pharmaceutical Co., Inc.
Issue:	Units of one common share and one fifth-share warrant
Amount:	$4,987,500
Units:	1,534,570
Price:	$3.25
Warrants:	One fifth-share warrant per unit
Warrant expiration:	Three years
Warrant strike price:	$4.50
Agent:	Tripoint Global Equities
Settlement date:	Oct. 27
Stock symbol:	NYSE Alternext: TPI
Stock price:	$3.53 at close Oct. 27
Market capitalization:	$83.7 million

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