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Galectin Therapeutics Inc. Message Board

  • a_zitnay a_zitnay Mar 7, 2013 9:04 AM Flag

    excercise price

    I love Galt does anyone have info on the terms of these warrants? thanks

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      GALTW warrants to buy before 3/28/17 @ $5.63
      by bud_fox_2008 • Jul 23, 2012 5:10 PM

      In this offering, we are offering units, consisting of shares of common stock and warrants to purchase shares of common stock. The common stock and warrants will be sold in units, with each unit consisting of two shares of common stock and one warrant to purchase one share of common stock. The units may not be separated into the underlying shares of common stock and warrants until the earlier of (1) the exercise in full of the underwriters’ over-allotment option or (2) forty-five (45) days from the date of this prospectus supplement; and thereafter, the units may be separable only upon the request of a holder. Each warrant will have an initial exercise price of $5.63 per share, will be exercisable upon separation of the units and will expire on March 28, 2017. The shares of common stock issuable from time to time upon exercise of the warrants, if any, are also being offered pursuant to this prospectus supplement Less

      Sentiment: Strong Buy

    • If I remember correctly these have an exercise price of $5.60 ish. and are good for about 4 more years. Initially 5 years from the reverse split they did last year. Hope this helps.

      Sentiment: Buy

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