Not exactly the same offering structure, but the warrants attached to this Prometic's financing were priced 80% above the trading price at that moment.
http://www.prometic.com/prometic-secures-30-million-follow-on-financing-from-structured-alpha-lp-an-affiliate-of-thomvest-asset-management-inc/
- Brings the total investment in ProMetic from Peter J. Thomson’s Toronto-based investment vehicle to $60 million
- - $30 Million debt financing bearing implied interest of 8% per annum and repayable in July, 2022
- - No material additional covenants or security granted by ProMetic over and beyond the existing debt package
- - 11,793,380 warrants granted at an exercise price of $4.70, a premium of 80% to most recent market price
- - Aggregate proceeds from exercise of warrants to offset total amount repayable under the debt instrument
