NorthWest Biotherapeutics Inc (NWBO)

[gunsnkars]

In the transaction, the Company will sell approximately 8.75 million shares of common stock at a purchase price of $0.20 per share. Additionally, the investors will receive five year warrants to purchase up to approximately 4.375 million shares of common stock with an exercise price of $0.22 per share.

Rodman & Renshaw, a unit of H.C. Wainwright & Co., acted as the exclusive placement agent for the transaction. The placement is expected to close on or about September 22, 2017, subject to satisfaction of customary closing conditions.

What does the above "Bolded/Colored" mean..What if the SP is well below the 20 cents. Would H.C still go ahead and buy the stock at 20 cents??