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vTv Therapeutics enters into a material definitive agreement

Published 12/06/2017, 08:04 AM
© Reuters.  vTv Therapeutics enters into a material definitive agreement
VTVT
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  • vTv Therapeutics (NASDAQ:VTVT) has entered into a Letter Agreement with MacAndrews & Forbes Group (the “Investor”), for the Investor’s commitment to purchase, the Company’s Class A common stock, par value $0.01 per share at a price of $4.38 per share.
  • The aggregate amount of Common Stock that may be purchased is limited to $10M.
  • In consideration for the commitment, the Investor will receive Warrants to purchase 198,267 shares of the Company’s Common Stock, exercisable at a price of $5.04 until December 5, 2024.
  • Yesterday's close was $3.90.
  • Now read: vTv Therapeutics (VTVT) Presents At Stifel 2017 Healthcare Conference - Slideshow


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