Corporate News Blog Auris Medical Executes Two Share Purchase A - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Corporate News Blog Auris Medical Executes Two Share Purchase Agreements with Lincoln Park Capital Fund

LONDON, UK / ACCESSWIRE / October 13, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Auris Medical Holding AG (NASDAQ: EARS) (“Auris Medical”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=EARS. The Company announced on October 11, 2017, that it has executed two share purchase agreements with Lincoln Park Capital Fund, LLC (“LPC”) for up to $15 million. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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On October 10, 2017, Auris Medical also signed a separate purchase agreement with LPC, pursuant to which LPC subscribed for $1.5 million worth of Auris Medical’s common shares.

Terms of the Agreement

In accordance with the purchase agreement dated October 10, 2017, Auris Medical may require LPC from time to time to subscribe for up to $13.5 million worth of its common shares. It is at the sole discretion of LPC.
Auris Medical will file a registration statement covering the common shares that may be issued to LPC under the purchase agreement, with the Securities and Exchange Commission (SEC).
Pursuant to the purchase agreement, share subscriptions may take place over the 30-month period after the registration statement is declared effective by the SEC.
Auris Medical will control the timing of any future investment by LPC. The subscription price of the common shares will be based on the prevailing market prices of the Company’s shares at the time of each issuance to LPC.

Share Purchase Agreement Will Help in Extending Auris Medical’s Financial Runway

Thomas Meyer, Founder, Chairman, and Chief Executive Officer of Auris Medical, stated that the Company welcomes LPC as a new shareholder and appreciate its investment as Auris Medical approaches key milestones for its three current clinical-stage development programs. The share purchase agreements provide great flexibility and the potential to extend the Company’s financial runway well beyond these important milestones.

Auris Medical Announces Transfer to Nasdaq Capital Market

On September 28, 2017, Auris Medical announced the approval of the Company’s request to the Nasdaq Stock Market LLC, to transfer the listing of its common shares to the Nasdaq Capital Market from the Nasdaq Global Market. The Company’s shares would continue to trade uninterrupted under the symbol “EARS.” Additionally, Nasdaq granted the Company an additional 180-day grace period to regain compliance with Nasdaq’s minimum bid price requirement.

About Auris Medical Holding AG (NASDAQ: EARS)

Founded in 1998, Auris Medical is a Swiss biopharmaceutical Company dedicated to developing therapeutics that address important unmet medical needs in otology. The Company is dedicated to developing novel pharmaceutical therapies to protect hearing and to silence tinnitus and is the leading pioneer in the emerging field of cochlear (inner ear) therapies. Auris Medical is headquartered in Zug, Switzerland.

About Lincoln Park Capital Fund, LLC

LPC is a Chicago-based Investment Group and Asset Management Firm focused on investing in public and private companies, real estate, and money management strategies.

Last Close Stock Review

On Thursday, October 12, 2017, the stock closed the trading session at $0.87, dropping 5.01% from its previous closing price of $0.91. A total volume of 491.60 thousand shares have exchanged hands, which was higher than the 3-month average volume of 312.16 thousand shares. Auris Medical’s stock price surged 20.45% in the last one month and 15.47% in the previous six months. The stock currently has a market cap of $27.59 million.

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