International Stem Cell Corporation (OTCPK:ISCO) announced a private placement of 5,000,000 shares at $0.20 per share for gross proceeds of $1,000,000 on March 12, 2013. The company also issued one warrant for every two shares, in total the company issued 2,500,000 warrants in the transaction exercisable at a price of $0.20 per share for a period of five years from the date of issuance. The transaction included participation from accredited investors. Andrey Semechkin, ... Co-Chairman and Chief Executive Officer of the company, Richard J. Fleck, Gregory L. Brandon, Crone Family Trust, each participated for 500,000 shares for $100,000 and received 250,000 warrants, Nigel Burney participated for 1,000,000 shares for $200,000 and received 500,000 warrants, returning investor Gemini Master Fund, a fund managed by Gemini Investment Strategies, LLC, participated for 2,000,000 shares for $400,000 and received 1,000,000 warrants. The company issued securities pursuant to exemption provided under Regulation D. Douglas Rein of DLA Piper US LLP acted as legal advisor to the company for the transaction.
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International Stem Cell Corporation (OTCPK:ISCO) announced a private placement of 10,125,000 common shares at $0.20 per share for gross proceeds of $2,025,000 on January 22, 2013. The company also issued 5,062,500 warrants in the transaction. Each warrant entitles the holder to purchase an additional common share of the company at $0.20 per share for a period of five years from the date of issuance. Andrey Semechkin, the Chief Executive Officer of the company, invested ... for 10,000,000 common shares and John Simon Craw, the Executive Vice President Business Development, invested for 125,000 common shares. The investors were accredited investors. Douglas Rein of DLA Piper US LLP served as the legal advisor to the company. The securities were issued pursuant to Regulation D.
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