February 13, 2020 / 2:06 AM / 4 days ago

BRIEF-Acerus Announces Private Placement And Refinancing Transactions

Feb 12 (Reuters) - Acerus Pharmaceuticals Corporation :

* ACERUS ANNOUNCES PRIVATE PLACEMENT AND REFINANCING TRANSACTIONS

* HAS ENTERED INTO AGREEMENTS WITH FIRST GENERATION CAPITAL IN RESPECT OF EQUITY FINANCING & DEBT-TO-EQUITY

* ACERUS PHARMACEUTICALS-REFINANCING DEAL NEGOTIATED ON ARM’S-LENGTH BASIS INCLUDING UNDER SUPERVISION OF & UPON A RECOMMENDATION BY, SPECIAL COMMITTEE

* CO IS OF VIEW THAT REFINANCING TRANSACTIONS WILL HAVE EFFECT OF SUBSTANTIALLY RECAPITALIZING ACERUS Source text for Eikon: Further company coverage:

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