Capnia (CAPN) Enters $10M Stock Purchase Agreement
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Capnia Announces $10 Million At-the-Market Firm Commitment Stock Purchase Agreement With Aspire Capital
July 27, 2015 7:00 AM EDTREDWOOD CITY, Calif., July 27, 2015 (GLOBE NEWSWIRE) -- Capnia, Inc. (NASDAQ: CAPN), focused on the development and commercialization of novel products based on its proprietary technologies for precision metering of gas flow, today announced it has entered into a common stock purchase agreement with Aspire Capital Fund, LLC ("Aspire Capital"). Under the new agreement, Capnia has the right to sell up to $10 million in value of its common stock to Aspire Capital, subject to certain terms and conditions, over a two-year period. Â The agreement represents a strategic tool that provides Capnia with important capital to... More
Capnia Announces $10 Million At-the-Market Firm Commitment Stock Purchase Agreement With Aspire Capital
July 27, 2015 7:00 AM EDTREDWOOD CITY, Calif., July 27, 2015 (GLOBE NEWSWIRE) -- Capnia, Inc. (NASDAQ: CAPN), focused on the development and commercialization of novel products based on its proprietary technologies for precision metering of gas flow, today announced it has entered into a common stock purchase agreement with Aspire Capital Fund, LLC ("Aspire Capital"). Under the new agreement, Capnia has the right to sell up to $10 million in value of its common stock to Aspire Capital, subject to certain terms and conditions, over a two-year period. Â The agreement represents a strategic tool that provides Capnia with important capital to... More
