By The Online Investor Staff, updated Fri., Aug. 28, 1:25 AM
Slide #1. Skyline Medical Inc. — Initial Public Offering
||Skyline Medical Inc.
|Price Per Share:
||Skyline Medical Inc. ("Skyline Medical" or the "Company") (NASDAQ: SKLN) (OTCQB: SKLN), today announced the pricing of a firm commitment underwritten public offering of 1,666,667 Units at an offering price of $9.00 per Unit, with each Unit consisting of one share of the Company's Common Stock, one share of Series B Convertible Preferred Stock and four Series A Warrants. Each share of Series B Convertible Preferred Stock is convertible at the option of the holder into one share of Common Stock. Each Series A Warrant is exercisable into one share of Common Stock at an exercise price of $4.95 per share. The Units and the Common Stock have been approved for listing on the NASDAQ Capital Market under the symbols "SKLNU" and "SKLN", respectively. Gross proceeds to the Company from the offering will be approximately $15 million before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. The Company has granted the underwriter a 45-day option to purchase up to an additional 250,000 Units to cover over-allotments, if any. The offering is expected to close on August 31, 2015, subject to customary closing conditions.
IPOs: Skyline Medical Inc.
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Company Ticker IPO Date
Easterly Acquisition Corp. EACQU
Aqua Metals, Inc. AQMS
TerraForm Global, Inc. GLBL
Intec Pharma Ltd. NTEC
Amplify Snack Brands, Inc. BETR
Zynerba Pharmaceuticals, Inc. ZYNE
Aimmune Therapeutics, Inc. AIMT
Planet Fitness PLNT
Houlihan Lokey, Inc. HLI
Inotek Pharmaceuticals Corporation ITEK
E-compass Acquisition Corp. ECACU
Conifer Holdings, Inc. CNFR
Gores Holdings, Inc. GRSH
Benitec Biopharma Limited BNTC
Skyline Medical Inc. SKLNU
August 28, 2015 1:25 AM Eastern