Precision Therapeutics Inc. Announces Pricing of Public Offering of Up to $1.26 Million of Units
PRECISION THERAPEUTICS INC COMMON (AIPT)
US:NASDAQ Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
MINNEAPOLIS, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Precision Therapeutics Inc. (NASDAQ: AIPT) (“Precision” or “the Company”) today announced the pricing of its previously announced public offering of its common stock and warrants to purchase common stock, with anticipated gross proceeds of up to $1.26 million, before deducting placement agent fees and expenses and offering expenses payable by the Company. The Company is offering 1,400,000 units on a “best efforts” basis, with each unit consisting of one share of common stock and a warrant to purchase 0.5 of a share of common stock, at a price of $0.90 per unit. The warrants are immediately exercisable at a price of $1.00 per share of common stock and will expire on the fifth anniversary of the date of issuance. The offering is expected to close on or about March 1, 2019, subject to customary closing conditions. Dawson James Securities, Inc. is acting as exclusive placement agent for the offering. The offering is being made by Precisio
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