This is more concrete. Amarantus Enters into De

This is more concrete.

Amarantus Enters into Definitive Agreements for up to $1.5 Million in Funding

At least 96% of eligible securities participating in Tender Exchange

CEO to present at BIOCOM Global Life Science Partnering Conference in San Diego

San Francisco, CA -- February 26, 2018 -- InvestorsHub NewsWire -- Amarantus Bioscience Holdings, Inc. (OTCPK: AMBS) (the "Company" or AMBS), a US-based biotechnology holding company with wholly-owned subsidiaries developing first-in-class orphan neurologic, regenerative medicine and ophthalmic therapies, today announced that it has entered into definitive agreements to raise up to $1.5 million in funding from an institutional investor in up to 5 tranches of $300,000 each. Dominick & Dickerman LLC and Paulson Investment Company served as co-placement agents on the transaction.

Concurrent with this announcement, the Company's CEO will be presenting an overview of Elto Pharma's pending Phase 2b Eltoprazine program for Parkinson's disease levodopa-induced dyskinesia (PD-LID) and Cutanogen Corporation's pending pivotal trial in Pediatric Severe Burns on Thursday March 1st, 2018 at 9:45pa ET at the BIOCOM Global Life Science Partnering Conference in San Diego, CA.

Pursuant to the terms of the agreement, the investor shall receive 300 shares of 12% Series I Convertible Preferred Stock (the "Preferred Stock", with a stated value of $1,000 per share, for each $300,000 tranche of funding. Each share of Preferred Stock is convertible into common stock at a fixed price of $0.07 per share, subject to adjustment. The Company may repurchase all outstanding shares of Preferred Stock at any time under the terms of the agreement. In parallel, the Company announced that it is opening the exchange period contemplated under the agreements surrounding the Forbearance and Capital Restructuring Binding Letters of Intent ("LOIs" for the Tender Exchange the Company entered into in the fourth quarter of 2017 with the holders of a controlling majority of the Company Senior Secured Convertible Debt and Convertible Preferred Stock. The exchange period is expected to be completed on or before March 17, 2018. Holders of 96% of securities eligible for the Tender Exchange have executed the LOIs acknowledging their participation in the Company's recapitalization effort. Holders of the remaining 4% of securities eligible for the Tender Exchange are able to participate until the expiration of the exchange period.

Upon completion of the Tender Exchange, the Company intends to utilize funding mechanisms created under the JOBS Act to raise equity capital. The Company intends for its subsidiaries to raise capital independently to advance their business plans, thereby limiting Amarantus' ongoing need to fund the subsidiaries' product development programs, and limiting future dilution.