Applied NeuroSolutions, Inc. Raises $2.9 Million in a Private Placement Financing

VERNON HILLS, Ill.--(BUSINESS WIRE)--Applied NeuroSolutions, Inc. (OTC BB:APNS)(www.appliedneurosolutions.com) a Company focused on the development of an integrated product portfolio for the treatment and diagnosis of Alzheimer’s disease (AD), today announced that it has completed a $2.9 million private placement of its common stock and warrants. APNS sold 20,714,286 shares of unregistered common stock at $0.14 per share to SF Capital Partners Ltd. and issued 6,214,286 five-year warrants to purchase additional shares of common stock at an exercise price of $0.19 per share. The Company did not incur any banking fees associated with the transaction.

MORE ON THIS TOPIC