For more information please contact:
Managing Director &
Head of Healthcare
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Creative Medical Technology Holdings, Inc.(CELZ) announced that it 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 February 11, 2022. In addition, the Company has 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 of five years from the date of issuance.
Roth Capital Partners acted as the sole placement agent for the offering. The offering closed on August 11, 2021.
About Creative Medical Technology Holdings, Inc.
Creative Medical Technology Holdings, Inc. is a commercial stage biotechnology company specializing in regenerative medicine/stem cell technology in the fields of immunotherapy, urology, neurology and orthopedics and is listed on the OTC under the ticker symbol CELZ. For more information please visit www.creativemedicaltechnology.com. (Source: Company Press Release | 08.09.21)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.
Date of Announcement: 09.06.21
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