Offering sells 135,800 common shares and warrants for 203,700 shares
By Devika Patel
Knoxville, Tenn., Dec. 29 – BioSig Technologies, Inc. settled a $339,500 private placement of units on Dec. 19, according to an 8-K filed Monday with the Securities and Exchange Commission. MDB Capital Group, LLC was the agent.
The company sold 3.395 units at $100,000 per unit, issuing a total of 135,800 common shares and two warrants for a total of 203,700 shares.
The first warrant is exercisable for 135,800 shares at $2.50. The second warrant is exercisable for 67,900 shares. The strike price of the first warrant is an 11.66% discount to the Dec. 18 closing share price of $2.83.
Proceeds will be used for general working capital purposes.
The medical device company is based in Los Angeles.
| Issuer: | BioSig Technologies, Inc.
|
| Issue: | Units for a total of 135,800 common shares and two warrants for a total of 203,700 shares
|
| Amount: | $339,500
|
| Units: | 3.395
|
| Price: | $100,000
|
| Warrants: | Two warrants for a total of 203,700 shares per unit
|
| Warrant strike price: | $2.50 (for 135,800 shares)
|
| Settlement date: | Dec. 19
|
| Stock symbol: | OTCBB: BSGM
|
| Stock price: | $2.83 at close Dec. 18
|
| Market capitalization: | $30.82 million
|
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