Exercise price of the Neostem publicly traded warrants (NBS.WS) is $6.00 and expiry is July 16, 2012. Conversion ratio is 1.0 (one warrant buys one share of stock at the $6 exercise price). Warrant can be redeemed by the company is the share price exceeeds $8.00 for 20 days trading days out of 30. All this info is as per stockwarrants dot com, where I am a subscriber.
Mention of the Class A warrants issued in August 2007 (see the bottom of page 4):
sec.gov
EXTRACT:
We had 3,991,168 shares of common stock outstanding as of September 10, 2007. The following securities that may be exercised for, or are convertible into, shares of our common stock were issued and outstanding as of September 10, 2007:
· Options. Stock options to purchase 616,600 shares of our common stock at a weighted average exercise price of approximately $6.84 per share.
· Warrants. Warrants to purchase 1,354,688 shares of our common stock at a weighted average exercise price of approximately $7.57 per share.
· Class A Warrants. Warrants to purchase 635,000 shares of our common stock at an exercise price of $6.00 per share. The Class A warrants were issued in our public offering in August 2007.
· Underwriters Warrants. Warrants issued to the underwriter in our public offering in August 2007 to purchase 95,250 shares of our common stock at a price of $6.50 per share (130% of the price of the common stock sold in the public offering).
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