Biotime Sells some OCX shares | LCTX Message Board Posts

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Msg  203 of 207  at  7/3/2019 9:51:08 AM  by

Sixty2nds


Biotime Sells some OCX shares

https://seekingalpha.com/news/3475539-biotime-sells-partial-stake-oncocyte-4_5m-shares-8-percent-hours

BioTime sells partial stake in OncoCyte for $4.5M; shares up 8% after hours

Jul. 2, 2019 4:35 PM ET|About: BioTime, Inc. (BTX)|By: Douglas W. House, SA News Editor
BioTime (NYSEMKT:BTX) is up 8% after hours following its announcement that it has agreed to sell 2.25M OncoCyte (NYSEMKT:OCX) shares at $2 per share, yielding gross proceeds of $4.5M. The transaction should close on July 5.

The value of BTX's remaining stake is ~$24.6M.

OCX closed today at $1.98.



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