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news.NeoStem has announced a private placement financing in a total amount of $0.9 million, which includes a strategic investment from the New England Cryogenic Center.
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The financing consists of units priced at $1.20 per unit with each unit consisting of one share of common stock and a warrant to purchase one share of common stock at $1.75 per share.
Robin Smith, CEO of NeoStem, said: “These funds will be instrumental in executing on our plan to educate potential clientele about our services, particularly in the Northeast which we believe will be a powerful market.”