Hemispherx BioPharma (HEB)

[Pedro2004]

They’re selling shares at an average price of $0.2486


OS on 12/31/2014 = 204,004,818
OS on 03/31/2015 = 225,737,722
Total shares issued = 21,732,904


For the three months ended March 31, 2015, the Company had sold 21,732,904 shares of the EDA that resulted in net cash proceeds of approximately $5,242,000 after direct expenses along with commissions paid to Maxim for approximately $162,000.


Proceeds from sale of stock, net of issuance costs = 5,242,000
Maxim is entitled to a fixed commission rate of 4.0% = 162,000
Total proceeds from sale of stock = 5,404,000


Total proceeds from sale of stock = 5,404,000
Total shares issued = 21,732,904
Average sale price = 0.2486