BeyondSpring Sells Shares to Dr. Quanqi Song for $3M
Ticker: BYSI · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1677940
| Field | Detail |
|---|---|
| Company | Beyondspring Inc. (BYSI) |
| Form Type | 6-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $2.36, $3 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: capital-raise, share-sale, registered-offering
TL;DR
BeyondSpring just raised ~$3M by selling shares to Dr. Quanqi Song at $2.36 each.
AI Summary
On June 12, 2024, BeyondSpring Inc. entered into a Securities Purchase Agreement with Dr. Quanqi Song, selling 1,271,187 ordinary shares at $2.36 per share. This registered offering generated gross proceeds of approximately $3 million.
Why It Matters
This transaction provides BeyondSpring with capital, potentially for its ongoing clinical trials and drug development efforts.
Risk Assessment
Risk Level: medium — The company is raising capital through share sales, which can dilute existing shareholders and may indicate a need for funding for operations or development.
Key Numbers
- $3.0M — Gross Proceeds (Raised from the sale of shares to Dr. Quanqi Song.)
- $2.36 — Price Per Share (The price at which shares were sold in the registered offering.)
- 1,271,187 — Shares Sold (The total number of ordinary shares issued and sold.)
Key Players & Entities
- BeyondSpring Inc. (company) — Issuer of shares
- Dr. Quanqi Song (person) — Investor purchasing shares
- 1,271,187 (dollar_amount) — Number of shares sold
- $2.36 (dollar_amount) — Price per share
- $3 million (dollar_amount) — Gross proceeds from the offering
FAQ
What is the total amount of gross proceeds BeyondSpring Inc. raised from this offering?
BeyondSpring Inc. raised approximately $3 million in gross proceeds from the sale of shares.
Who was the investor in this Securities Purchase Agreement?
The investor was Dr. Quanqi Song.
What was the price per share in this offering?
The purchase price per share was $2.36.
How many shares did BeyondSpring Inc. issue and sell?
BeyondSpring Inc. issued and sold an aggregate of 1,271,187 ordinary shares.
What type of offering was this transaction?
This was a registered offering.
Filing Stats: 468 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-06-12 16:30:29
Key Financial Figures
- $0.0001 — he Company's ordinary shares, par value $0.0001 per share (the "Shares"), at a purchase
- $2.36 — (the "Shares"), at a purchase price of $2.36 per share. The gross proceeds from the
- $3 m — ds from the offering were approximately $3 million, before deducting expenses. Unde
Filing Documents
- ny20030251x2_6k.htm (6-K) — 14KB
- ny20030251x2_ex5-1.htm (EX-5.1) — 46KB
- ny20030251x2_ex10-1.htm (EX-10.1) — 46KB
- ny20030251x2_ex5-1img01.jpg (GRAPHIC) — 396KB
- ny20030251x2_ex5-1img02.jpg (GRAPHIC) — 473KB
- 0001140361-24-029889.txt ( ) — 1304KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BeyondSpring Inc. By: /s/ Lan Huang Name: Lan Huang Title: Chairperson and Chief Executive Officer Date: June 12, 2024