Friday, June 7, 2013

StemCells (STEM) -- More Cash Implies More Dilution

StemCells (STEM) announced the following on 02013.06.04: Under the terms of the agreement, Lincoln Park will immediately purchase $3.0 million in shares of StemCells common stock at a purchase price of $1.823 per share, which was the average of the prior ten trading days' volume weighted average price. Furthermore, for a period of three years, the Company has the right, at its sole discretion, to sell additional amounts up to $27.0 million of common stock to Lincoln Park subject to certain limitations.

STEM closed yesterday (02013.06.06) at $1.84. 52-week range: $0.61 - $2.67.

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