Key Developments: Scientific Learning Corp (SCIL.PK)
0.80USD
17 May 2013
$-0.10 (-11.11%)
$0.90
$0.83
$0.90
$0.75
34,250
8,576
$2.00
$0.44
Latest Key Developments (Source: Significant Developments)
Scientific Learning Corporation Announces Changes to Executive Team
Scientific Learning Corporation announced Bob Bowen, Chairman of the Board, has been named Chief Executive Officer and Jane Freeman has been named Chief Financial Officer and Treasurer effective immediately. Full Article
Scientific Learning Corporation Announces Private Placement Of $7.2 Million
Scientific Learning Corporation announced it has entered into definitive agreements in connection with a private placement of equity for gross proceeds of $7.2 million. The Company sold units of common stock and warrants priced at $1.73 per unit. The Company will issue approximately 4.2 million shares of common stock and warrants to acquire up to approximately 2.5 million shares of common stock. The warrants have an exercise price of $1.82 per share. The financing is expected to settle on March 28, 2012, subject to customary closing conditions. First Analysis Securities Corporation has acted as the exclusive placement agent on this transaction. Full Article
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