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TomP1

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TomP1

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Wednesday, 05/06/2015 3:58:36 PM

Wednesday, May 06, 2015 3:58:36 PM

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Red-hot PlasmaTech Biopharmaceuticals (PTBI +47.2%) closes a $10M private placement of common stock with an institutional investor at $8 per share (1.25M shares). The investor will also be issued warrants to purchase 625K shares of common stock at $10 per share. Closing date is May 11.

About a month ago, the company closed a private offering of 2.3M shares of common stock at $3. Investors are, no doubt, smiling broadly right now.

source:seeking alpha
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