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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 6:43 PM

Slide #146. Matinas BioPharma Holdings, Inc. Preferred Stock Offering

Company: Matinas BioPharma Holdings, Inc. (AMEX:MTNB)
Date announced: 6/19/2018
Shares Offered: 8,000
Date of Pricing: 6/19/2018
Price Per Share: $1,000.00
Preferred Stock Offering Details: Matinas BioPharma Holdings, Inc. (NYSE AMER:MTNB), a clinical-stage biopharmaceutical company focused on enabling the delivery of life-changing medicines using its proprietary lipid nano-crystal (LNC) platform technology, today announced the pricing of a public offering of up to 8,000 shares of its newly designated Series B Convertible Preferred Stock, or the Series B Preferred, with a stated value of $1,000 per share and convertible into an aggregate of 16,000,000 shares of its common stock at a conversion price of $0.50 per share. Holders of the Series B Preferred will be entitled to receive dividends payable in shares of common stock equal to (i) 10% of the shares of common stock underlying the Series B Preferred then held by such holder on the 12-month anniversary of the offering, (ii) 15% of the shares of common stock underlying the Series B Preferred then held by such holder on the 24-month anniversary of the offering and (iii) 20% of the shares of common stock underlying the Series B Preferred then held by such holder on the 36-month anniversary of the offering.

Matinas Biopharma Holdings is a biopharmaceutical company focused on development of its product candidate: MAT9001, a purified, prescription-only omega-3 free fatty acid formulation designed for the treatment of cardiovascular and metabolic conditions; and the application of its lipid nano-crystal (LNC) platform delivery technology to solve challenges relating to the delivery of small molecules, vaccines, proteins and peptides. Co.'s lead drug candidate based on the LNC platform delivery technology is MAT2203, which is an antifungal drug. Co.'s second clinical stage LNC-based product candidate is MAT2501, an orally administered formulation of aminoglycoside antibiotic amikacin.
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Name: 
Matinas BioPharma Holdings Inc
Website: 
www.matinasbiopharma.com
Sector: 
Drugs & Pharmaceuticals
Number of ETFs Holding MTNB: 
6 (see which ones)
Total Market Value Held by ETFs: 
$12,028,222.85
Total Market Capitalization: 
$227,000,000
% of Market Cap. Held by ETFs: 
5.30%
 

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