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BrainStorm Cell Therapeutics Inc. Announces Private Equity Financing of $250,000 With Individual Private Investor


2/11/2013 10:03:48 AM

NEW YORK & PETACH TIKVAH, Israel--(BUSINESS WIRE)--BrainStorm Cell Therapeutics Inc. (OTC.QB: BCLI), a leading developer of adult stem cell technologies for neurodegenerative diseases, announced today that it has signed a $250,000 Common Stock purchase agreement with an individual private investor. Under the terms of the agreement, BrainStorm will sell 833,334 common shares at $0.30 per share (representing a 25% premium to the prior day’s closing price of BrainStorm’s shares of Common Stock) for gross proceeds of $250,000 together with a 32-month warrant to purchase up to 833,334 shares of BrainStorm’s common stock at $0.50 per share (representing a 108% premium to the prior day’s closing price of BrainStorm’s Common Stock).

Read at BioSpace.com

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