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RXi Pharmaceuticals Corporation Message Board

  • thprahl thprahl Jan 16, 2014 10:13 AM Flag

    10 % dillution ?

    From the 13G/A filing out today:

    The second largest Institutional holder (And the first one to help Funding RXII) gets 1.3 mio shares ?:

    Tang Capital Partners. Tang Capital Partners is the beneficial owner of 1,289,799 shares of the Issuer’s Common Stock, which is comprised of: 7,813.61 shares of the Issuer’s Series A Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred”) and 2,054.39 shares of the Issuer’s Series A-1 Convertible Preferred Stock, par value $0.0001 per share (the “Series A-1 Preferred”). (Page 5)

    and:

    The percentages used herein are based upon 12,982,247 shares of Common Stock outstanding (11,684,153 shares outstanding as of November 12, 2013 per the Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 14, 2013, plus 1,298,094 shares of Common Stock issuable upon conversion of the Series A Preferred and Series A-1 Preferred). (Page 6)

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