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Private placement at $0.36 per share. Keeps the doors open for at least another year and gives them a chance. Nov 24, 2021 Regulus Therapeutics Announces Private Placement of Equity Under the securities purchase agreement, the investors have agreed to purchase approximately 58.9 million shares of the Company's common stock ("Common Stock") at a purchase price of $0.36 per share. Certain investors have also agreed to purchase, in lieu of shares of Common Stock, an aggregate of approximately 3,725,720 shares of newly designated, non-voting Class A-4 convertible preferred stock at a purchase price of The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state. |
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Msg # | Subject | Author | Recs | Date Posted |
771 | Re: Private placement at $0.36 per share. | Steve_382 | 0 | 12/1/2021 2:05:17 PM |