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ISCO > SEC Filings for ISCO > Form 8-K on 1-Jul-2014All Recent SEC Filings

Show all filings for INTERNATIONAL STEM CELL CORP

Form 8-K for INTERNATIONAL STEM CELL CORP


1-Jul-2014

Entry into a Material Definitive Agreement, Financial Statements and


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 26, 2014, to obtain funding for working capital purposes, International Stem Cell Corporation (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with Dr. Andrey Semechkin and Dr. Ruslan Semechkin to sell a total of 5,500,000 shares of common stock at a price of $0.10 per share, for a total purchase price of $550,000. Dr. Andrey Semechkin is the Company's Co-Chairman and Chief Executive Officer. Dr. Ruslan Semechkin is the Company's Chief Scientific Officer and a director. The sale of the shares of common stock was completed on June 26, 2014.

The shares were offered and sold to the purchasers in a private placement transaction made in reliance upon exemptions from registration pursuant to
Section 4(2) under the Securities Act of 1933 and Rule 506 promulgated thereunder. Each purchaser is an accredited investor as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) EXHIBITS

Exhibit No. Exhibit Description

10.1 Securities Purchase Agreement dated June 26, 2014


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

International Stem Cell Corporation

By: /s/ Jay Novak
Jay Novak
Chief Financial Officer

Dated: June 30, 2014

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