BioTime (BTX) Misses Q1 EPS by 5c

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Asterias Biotherapeutics (AST) Prices 5.15M Common Stock, Warrants Offering at $3.40/Unit

May 10, 2016 9:32 AM EDT

Asterias Biotherapeutics, Inc. (NYSE: AST) announced the pricing of an underwritten public offering of 5,147,059 units at a public offering price of $3.40 per unit. Each unit consists of one share of common stock and 0.5 of a warrant to purchase a share of common stock at an exercise price of $4.37 per share. The warrants are immediately exercisable and expire on the fifth anniversary of the date of issuance. The shares of common stock and warrants are immediately separable and will be issued separately.

The offering is expected to close on May 13,... More