Maybe $40 million will have similar terms as ALT
Post# of 36566
(Total Views: 263)
Posted On: 12/04/2019 11:50:44 PM
Re: bwolfy2002 #9685
Maybe $40 million will have similar terms as ALTuCELL
Under the SPA, in exchange for the ALTuCELL Stock, Generex will
• Issue to ALTuCELL 1,600,000 shares of Generex common stock with an initial attributed value of $2.50 per share. If the market price per share of the Generex common stock is below $2.50 on the 6-month anniversary of the closing date, the attributed price of the Generex shares will be repriced to market with a floor of $1.25 per share, and Generex will deliver the number of GNBT shares required to make up the difference in total value.
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