ULU $0.53 with financing found, The terms:
ULURU enters into strategic financings of up to $1.6 million at a premium to current share price (ULU) 0.51 : Co announced it has entered into agreements for investment commitments with Ironridge Global BioPharma and its affiliates, under which Ironridge has committed in two transactions to purchase common and preferred stock totalling up to $1.6 mln. One of the transactions includes a purchase of up to $650,000 in convertible, redeemable, preferred stock with a 7.5% dividend. The preferred stock is convertible into shares of the co's common stock at a minimum conversion price of $0.70, which represents a premium of ~37 percent over the closing price on September 14, 2011. In the second financing, the co may issue up to $969,000 of registered common stock, subject to certain conditions, at a price per share equal to $ 0.50, 102% of the closing bid price of the co's common stock on September 14, 2011, in exchange for cash or a secured promissory note issued by the investor.
