On Wednesday, Shares of Biostar Pharmaceuticals Inc (NASDAQ:BSPM), subtract -20.90% and closed at $4.39 in the last trading session. The last trading range of the stock ranges between $4.27 and $5.23. The company’s Market capitalization is $15.70 million with the total Outstanding Shares of 2.21 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.08 and reached to max level of $7.06. Biostar Pharmaceuticals, Inc. (BSPM) (“Biostar” or “the Company”), a PRC-based manufacturer and marketer of pharmaceutical and health supplement products in China, declared recently that it reached a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional shareholders for the sale of 425,000 shares of common stock in a registered direct offering at the price of $4.50 per share. In addition, warrants to purchase 212,500 shares of common stock in the aggregate will be issued to the shareholders. The warrants will be exercisable six months and one day from the date of the closing of the offering at an exercise price of $5.55 per share and expire 3 1/2 years from the date of issuance.
Gross proceeds of the offering, before deducting placement agent fees and other estimated offering expenses payable by the Company, are expected to be about $1.91 million. The net proceeds from this offering will be used for working capital and other general corporate purposes.
The completion of the offering is expected to occur on or before October 17, 2016, subject to customary closing conditions. FT Global Capital, Inc. served as the exclusive placement agent for the offering.
Citizens Financial Group Inc (NYSE:CFG), jumped 1.16% and closed at $25.25 in the last trading session. The last trading range of the stock ranges between $24.95 and $25.49. The company’s Market capitalization is $12.82 Billion with the total Outstanding Shares of 564.44 million. During the 52-week trading session the minimum price at which share price traded, registered at $18.04 and reached to max level of $27.17. Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) recently published the results of its mid-cycle company-run 2016 stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Citizens Financial Group, Inc. is one of the nation’s oldest and leading financial institutions, with $145.2 billion in assets as of June 30, 2016. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens assists its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of about 3,200 ATMs and about 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions.