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0.0216773276474771 0.0216773276474771 0.039445628997868 0.039445628997868 0.0216773276474771 0.0216773276474771 0.0251421464108033 0.0251421464108033
Stock impact report

ISRAELI MATERIAL SCIENCE COMPANY GAUZY, LTD. LEADS $2 MILLION INVESTMENT IN RESEARCH FRONTIERS AND ITS SPD-SMART LIGHT CONTROL TECHNOLOGY

Research Frontiers Incorporated (REFR) 
Last research frontiers incorporated earnings: 11/8 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
Tel Aviv, Israel and Woodbury, New York., Sept. 07, 2018 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) and Israel-based material science company Gauzy Ltd. announced today that Gauzy has lead a group that has invested $2 million in SPD-SmartGlass technology company Research Frontiers. The investors purchased 2,173,916 shares of common stock of Research Frontiers at a price of $0.92 per share (the market price for Research Frontiers common stock at the time the transaction was entered into) and also received warrants expiring September 30, 2023 to purchase 1,086,957 shares of Research Frontiers common stock at an exercise price of $1.10, $1.20 or $1.38 per share depending upon the exercise date. The shares purchased by Gauzy are subject to at least a one-year lock-up period with incentives including certain standstill and other exclusive rights, with the further possibility of up to a five year lock-up period. The shares issued to the other investors in the group are Show less Read more
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