Offering sells 750,000 common at $4.00 per share with 446,500 warrants
By Devika Patel
Knoxville, Tenn., Dec. 30 – Tyme Technologies, Inc. settled a $3 million private placement of stock on Dec. 23, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 750,000 common shares at $4.00 per share, which is a 63.64% discount to the closing price of the stock on Dec. 22 of $11.00.
The investors also received 10-year warrants for 446,500 shares, each exercisable at $5.00, a 54.55% discount to the Dec. 22 closing price. The warrants expire on Dec. 23, 2025.
Based in New York, Tyme is a pharmaceutical research and development company focused on discovering cancer therapeutics.
| Issuer: | Tyme Technologies, Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 750,000
|
| Price: | $4.00
|
| Warrants: | For 446,500 shares
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| Warrant expiration: | Dec. 23, 2025
|
| Warrant strike price: | $5.00
|
| Settlement date: | Dec. 23
|
| Stock symbol: | OTCBB: TYMI
|
| Stock price: | $11.00 at close Dec. 22
|
| Market capitalization: | $967.8 million
|
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