QualityStocksNewsBreaks – Creative Medical Technology Holdings Inc. (CELZ) Secures $3.8M in Private Placement
Creative Medical Technology Holdings (OTC: CELZ) entered into definitive agreements with accredited institutional investors for gross proceeds of approximately $3,788,000. The definitive agreements provide for the private placement of 15% original issue discount senior notes (“notes”) in the aggregate principal amount of approximately $4,456,000; the principal amount of the notes will be due on Feb. 11, 2022. The company has also agreed to issue to the investors unregistered warrants for the purchase of 157,184,354 shares of common stock. Each warrant entitles the holder to purchase one share of common stock at an initial exercise price of $0.02835 for a period…
