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| PSTI > SEC Filings for PSTI > Form 8-K on 23-Sep-2008 | All Recent SEC Filings |
23-Sep-2008
Entry into a Material Definitive Agreement, Financial Statements and E
On September 22, 2008, we sold 900,000 shares of our common stock ("Common Stock") and warrants ("Warrants") to purchase 675,000 shares of Common Stock to an investor pursuant to terms of a securities purchase agreement. The price per share of Common Stock is $1.15, and the exercise price of the Warrants is $1.90. The Warrants will be exercisable for a period of five years.
A copy of the form of Warrant is attached as Exhibit 4.1 to this report and is incorporated herein by reference. The description of the Warrants is a summary only and is qualified in its entirety by reference to Exhibit 4.1. A copy of the form of securities purchase agreement is attached as Exhibit 10.1 to this report and is incorporated herein by reference.
The offering was made pursuant to our shelf registration statement on Form S-3 (File No. 333-151761). We are filing with the SEC, pursuant to Rule 424(b) under the Securities Act of 1933, as amended, a prospectus supplement related to the offering.
(d) Exhibits:
4.1 Form of Common Stock Purchase Warrant dated September 22, 2008
5.1 Opinion of Zysman, Aharoni, Gayer & Co./ Sullivan & Worcester LLP
10.1 Form of Securities Purchase Agreement dated September 22, 2008
23.1 Consent of Zysman, Aharoni, Gayer & Co./ Sullivan & Worcester LLP
(included in Exhibit 5.1).
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