Home » CYBERKINETICS ANNOUNCES $11.4 MILLION PRIVATE FINANCING
CYBERKINETICS ANNOUNCES $11.4 MILLION PRIVATE FINANCING
Cyberkinetics Neurotechnology Systems, Inc. (OTCBB:CYKN)
(the "Company") announced today that it has sold approximately $11.4
million of privately placed newly issued shares of common stock and warrants
for the purchase of additional shares of common stock to institutional and accredited
investors. The Company issued an aggregate of approximately 9.5 million shares
of common stock at a price of $1.20 per share, together with a common stock
purchase warrant to purchase up to approximately 4.8 million additional shares
of common stock at an exercise price of $1.60 per share.
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