Tue, Jul 29, 2014, 12:47 PM EDT - U.S. Markets close in 3 hrs 13 mins

Recent

% | $
Click the to save as a favorite.

CombiMatrix Corporation Message Board

  • adamwangwang47 adamwangwang47 Jan 16, 2013 3:02 PM Flag

    the company will need to sell more shares (at a discount) if it keeps losing money

    On January 7, 2013 and January 8, 2013, CombiMatrix Corporation (the "Company") issued (i) an aggregate of 450,609 shares of common stock to accredited investors upon such investors' successive conversions of an aggregate of $901,006.72 of the stated value of the Company's Series A 6% Convertible Preferred Stock (the "Series A Stock"); (ii) an aggregate of 21,790 shares of common stock to such investors as make-whole dividend payments thereon in satisfaction of the aggregate amount of $95,716.01 in make-whole dividend payments under the Certificate of Designation of Preferences, Rights and Limitations of Series A 6% Convertible Preferred Stock of the Company (the "Certifcate of Designation"); and (iii) an aggregate of 205 shares of common stock to such investors as dividends accrued from January 1, 2013 through the date of conversion on the Series A Stock due under the Certificate of Designation. In connection with the above-described conversions, the investors waived the conditions set forth in the Certificate of Designation relating to the dividend and make-whole dividend payments on the shares of Series A Stock being converted such that the dividend and make-whole dividend payments could be made by the Company in shares of common stock in accordance with the terms of the Certificate of Designation. As a result of the issuances on January 7, 2013, the Company has issued more than 5% of its outstanding shares of common stock in unregistered transactions in the aggregate since the last report that it filed under Item 3.02 with the Securities and Exchange Commission. After the above-described issuances, the Company has 1,987,901 shares of common stock issued and outstanding.

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CBMX
2.24+0.03(+1.36%)12:35 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.