See feature article below: (NASDAQ: CYTX)
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Report for: Cytori Therapeutics, Inc. (NASDAQ: CYTX)
DEADLINE IS TODAY
Cytori Therapeutics, Inc. (CYTX) today provided an informational update to stockholders regarding its recent rights offering and the key dates relative to the offering. Stockholders are advised to ensure they own Cytori’s stock as of 4:00 PM ET on Tuesday, May 17, 2016 to be considered a stockholder of record on Friday, May 20, 2016. Stockholders or interested parties are advised to direct all questions and informational requests to the contacts listed below.
Under the rights offering, Cytori will distribute one non-transferable subscription right for each share of common stock held on the record date. Each right will entitle the holder to purchase one unit at the subscription price, with each unit composed of one share of common stock and 0.5 of a warrant, with each whole warrant exercisable to purchase one share of common stock.
The subscription rights are non-transferrable and may only be exercised during the anticipated subscription period of Monday, May 23, 2016 through 5:00 PM ET on Thursday, June 9, 2016, unless extended.
The expected calendar for the rights offering is as follows:
Tuesday, May 17, 2016, Ownership Day – in order to be considered a stockholder of record on Friday, May 20, 2016, shares should be acquired by this date.
Friday, May 20, 2016 Record Date
Monday, May 23, 2016 Subscription Period Begins
Thursday, June 9, 2016 Subscription Period Ends 5:00 PM ET*
* Unless extended in Cytori’s sole discretion
Holders who fully exercise their basic subscription rights will be entitled, if available, to subscribe for an additional amount of units that are not purchased by other stockholders, on a pro rata basis and subject to ownership limitations.
7:03 am Cytori Therapeutics will present an update regarding the use of its Cytori CEll Therapy in the French SCLERADEC I and II clinical trials at the Annual Meeting of the Japan Society of Aesthetic Surgery Briefing.com 6 hrs ago
Cytori Therapeutics, Inc. breached its 50 day moving average in a Bullish Manner : CYTX-US : May 13, 2016 Capital Cube q 4 days ago.
Cytori has engaged Maxim Group LLC as dealer-manager for the rights offering. Questions about the rights offering or requests for copies of the prospectus may be directed to Broadridge Corporate Issuer Solutions, Cytori’s information agent for the rights offering, by calling (855) 793-5068 (toll-free); or Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, Attention Syndicate Department, email: syndicate@maximgrp.com or telephone (212) 895-3745.
Cytori Therapeutics, Inc., a biotechnology company, develops cellular therapeutics for specific diseases and medical conditions. The company primarily provides Cytori Cell Therapy consisting of a heterogeneous population of specialized cells, including stem cells for the treatment of patients with scleroderma hand dysfunction, orthopedic disorders, urinary incontinence, and thermal burns combined with radiation injury.
Source – Company Press Release
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