Yield10 Bioscience raises $11.5 million

摘要

The US agricultural technology company, Yield10 Bioscience (Woburn, Massachusetts), has raised $11.5 million through a public offering and a private placement of shares. The US agricultural technology company, Yield10 Bioscience (Woburn, Massachusetts), has raised $11.5 million through a public offering and a private placement of shares. The public offering consisted of some 12.5 million Class A units at $0.20 per unit, with each unit consisting of one share of common stock, a seven-and-a-half-year warrant to purchase one share at $0.20 per share and a two-and-a-half-year warrant to purchase one share at $0.20 per share, and 2,504 Class B units at $1,000 per unit, with each unit consisting of one share of Series A preferred stock, with a conversion price of $0.20, seven-and-a-half-year warrants to purchase 5,000 shares of common stock at $0.20 per share and two-and-a-half-year warrants to purchase 5,000 shares at $0.20 per share.