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Forum - Enteromedics - ETRM   

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From: alectric (Rep: 171)Date: 01/10/2017 20:27
Forum: Enteromedics - Msg #1258Thread #673898456 (Rec: 0)
SEC filing yesterday, pricing the units at $3.97 (1 share and 1 warrant). Why did it continue to rise? Crazy. Tried to short at $28 today, but couldn't get any. Had bought at $1.98, but sold way too soon.

Class A Units Offered
We are offering Class A Units. Each Class A Unit consists of one share of common stock and a warrant to purchase one share of our common stock (together with the shares of common stock underlying such warrants).

Offering Price per Class A Unit
$3.97 combined price for each Class A Unit based upon an assumed offering price of $3.97, the closing price of our common stock on January 5, 2017.

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