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Provider: Reuters Investment Profile
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$125.00

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Vistagen Therapeutics Inc Announces $36 Million Strategic Financing Agreement With Bergamo Acquisition Corp's Subsidiary


Wednesday, 10 Apr 2013 08:50am EDT 

Vistagen Therapeutics Inc announced the signing of a strategic financing agreement with the European subsidiary of Bergamo Acquisition Corp., a global diversified investment holding company. Under the terms of the agreement, Bergamo's European subsidiary will invest $36 million in VistaGen in consideration for 72 million shares of restricted VistaGen Common Stock at a price of $0.50 per share. The Company's self-placed strategic financing does not include warrants or any investment banking fees. The transaction is scheduled to close on or before April 30, 2013. At closing, the shares issued in connection with the strategic financing will represent a majority of the issued and outstanding shares of VistaGen's Common Stock. VistaGen plans to use proceeds of the financing to accelerate and expand stem cell technology-based drug rescue programs. 

Company Quote

0.489
0.019 +4.04%
11 Apr 2014