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Yield10 Bioscience Announces Pricing of $2.3 Million Registered Direct Offering

YIELD 10 BIOSCIENCE INC (YTEN)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.yield10bio.com/investor-relations
PDF WOBURN, Mass., July 03, 2017 (GLOBE NEWSWIRE) -- Yield10 Bioscience, Inc. (NASDAQ:YTEN) today announced that it has entered into a securities purchase agreement with certain new institutional investors and with participation by existing investor Jack W. Schuler and providing for the purchase and sale of 570,784 shares of common stock at a price of $4.00 per share in a registered direct offering, resulting in total gross proceeds of approximately $2.3 million. The Company also agreed to issue unregistered warrants to the investors in a concurrent private placement to purchase up to an equivalent number of shares of common stock with an exercise price of $5.04 per share. The warrants will be exercisable six months following the closing date and will expire six years from the date they become exercisable. The closing of the sale of the securities is expected to take place on or about July 7, 2017, subject to the satisfaction of customary closing conditions. Ladenburg Thalmann & Co. In [Read more]

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