LONDON, August 2, 2016 /PRNewswire/ --
International Stem Cell announced in July 2016
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We have increased our valuation to $28m (from $27m), but have reduced the valuation per basic share to $8.75 (from $9.60). This reflects higher cash ($1.5m vs $0.5m) offset by an increase in the number of shares (3.2m vs 2.8m previously). Otherwise our valuation remains unchanged. There remain approximately 19m in potentially dilutive shares from warrants, options and convertible preferred stock. We maintain that the company will need at least $76m in additional financing before profitability in 2024.
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SOURCE Edison Investment Research
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