StemCells (STEM) Drops on Equity Discount
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StemCells Inc. (Nasdaq: STEM) shares drop following an announcement that they will be making a 10 million common direct offering to select institutional investors at $1 per share.
The stock is down about 9% to $1.02 in early trading.
The $1 price per share is a 9.95 discount to yesterday's closing price of $1.11.
The stock is down about 9% to $1.02 in early trading.
The $1 price per share is a 9.95 discount to yesterday's closing price of $1.11.
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