Offer sells 1,562,000 units of shares and warrants at $0.25 apiece
By Devika Patel
Knoxville, Tenn., March 7 - Aeolus Pharmaceuticals, Inc. completed a $390,500 private placement of units on March 4, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,562,000 units of one common share and one warrant at $0.25 apiece.
Each warrant is exercisable at $0.25 for five years. The strike price is a 40.48% discount to $0.42, the March 1 closing share price.
Aeolus is a Laguna Niguel, Calif.-based pharmaceutical company.
| Issuer: | Aeolus Pharmaceuticals, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $390,500
|
| Units: | 1,562,000
|
| Price: | $0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.25
|
| Settlement date: | March 4
|
| Stock symbol: | OTCBB: AOLS
|
| Stock price: | $0.42 at close March 1
|
| Market capitalization: | $21.96 million
|
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