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Stock impact report

CNS Pharmaceuticals Announces Pricing of $4.0 Million Public Offering [Yahoo! Finance]

CNS Pharmaceuticals, Inc. (CNSP) 
Company Research Source: Yahoo! Finance
in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today announced the pricing of its "reasonable best efforts" public offering with participation from healthcare-focused institutional investors and certain officers and directors of the Company for the purchase and sale of 13,333,334 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $0.30 per share. The Company further agreed to issue to the investors Series A Warrants to purchase up to 13,333,334 shares of common stock and Series B Warrants to purchase up to 13,333,334 shares of common stock. The Series A and Series B Warrants will have an exercise price of $0.30 per share, will be exercisable immediately following the date of issuance and will expire in five years and eighteen months, respectively. The closing of the offering is expected to occur on or about February 1, 2024, subject to the satisfaction of customary closing co Show less Read more
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