GERMANTOWN, Md., July 27, 2017 (GLOBE NEWSWIRE) -- Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company developing novel treatments for nervous system diseases, today announced the pricing of an underwritten public offering of 3,000,000 shares of common stock and warrants to purchase up to 2,250,000 shares of common stock, at a purchase price of $2.00 per share of common stock and accompanying warrant, with anticipated gross proceeds of $6,000,000 before deducting underwriting discounts and commissions and estimated offering expenses payable by Neuralstem. The warrants are immediately exercisable at a price of $2.00 per share of common stock and will expire on the seventh anniversary of the date of issuance. The offering is expected to close on or about August 1, 2017, subject to customary closing conditions.
Canaccord Genuity is acting as sole book-running manager for the offering.
Neuralstem is a clinical-stage biopharmaceutical company developing novel treatments for nervous system diseases of high unmet medical need. NSI-189 is the lead compound in Neuralstem’s neurogenic small molecule program. NSI-566 is a stem cell therapy being tested in stroke, chronic spinal cord injury (cSCI) and Amyotrophic Lateral Sclerosis (ALS). Neuralstem’s diversified portfolio of product candidates is based on its proprietary neural stem cell technology.