At-the-Market Financing Facility Secures ISCO $25M
By Catherine Shaffer
Tuesday, December 14, 2010
Aspire Capital Fund LLC agreed to purchase 333,333 shares of International Stem Cell Corp. (ISCO) at $1.50 per share, a 7 percent premium over Friday's closing price of $1.40. In addition, the agreement includes a financing facility that will allow Aspire to purchase up to a total of $25 million in equity capital over the next three years, at the discretion of ISCO.
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