CryoPort Inc (CYRX)

[bobbyhoya]

So am I reading this right, the proposal is to reverse split the commons 8 to 1 or are commons not involved in this?


This is a firm commitment public offering of 3,409,091 shares of common stock and warrants of Cryoport, Inc. consisting of one share of common stock and a warrant to purchase one share of common stock at an exercise price of 110% of the public offering price of a share of common stock in this offering. The common stock and warrants are immediately separable and will be issued separately.

Our common stock is currently traded on the OTC Bulletin Board under the symbol CYRX. Prior to the effectiveness of the registration statement of which this prospectus is a part, we will effect a reverse stock split anticipated to be on a 8-to-1 basis. On March 12, 2015, the last reported sale price for our common stock was $4.40 per share (after giving effect to the anticipated 8-to-1 reverse stock split). We have applied for listing of our common stock on the NASDAQ Capital Market under the symbol [“*”]. No assurance can be given that our application will be approved.