CORRECTION -- Skyline Medical Inc. Announces the Completion of Private Placement for Gross Proceeds of $1,300,000
SKYLINE MEDICAL INC COMMON (SKLN)
NASDAQ:AMEX Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
BOCA RATON, Fla., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Please note that this is a headline correction for a release published earlier today for Skyline Medical Inc. The original release follows. Dawson James Securities, Inc. in conjunction with Skyline Medical Inc. closed a private placement of a newly created series of preferred stock designated as “Series C Convertible Preferred Stock” with a New York-based Family Office. The closing of the private placement occurred on November 28, 2017. Pursuant to the Securities Purchase Agreement, the Investor purchased 1,213,819 shares of Series C Stock at a purchase price of $1.071 per Series C Share, together with a warrant to purchase up to 606,910 shares of common stock. The Warrant has an exercise price of $1.26 per share, subject to adjustment, has a five and one-half year term and is exercisable commencing six months following the date of issuance. Total gross proceeds to Skyline Medical, Inc were $1,300,000 before deducting expenses an
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