2 Hot Trending Stocks - Crossroads Systems, (NASDAQ:CRDS), Neuralstem, (NASDAQ:CUR)

Crossroads Systems Inc NASDAQ:CRDS) gained 41.60% and closed in the last trading session at $0.354. The company’s price range for the trading day was $0.33 to $0.59.  The 52-Week range of the stock is $0.15 – $2.50. The company’s Market capitalization is $11.59M with the total Outstanding Shares of 24.51M. The stock has a one-year performance down -85.19% and a positive weekly performance at 91.35%.

Neuralstem, Inc. (NASDAQ:CUR) ended at $0.350 with decline of -40.67%.The stock traded in the last session between $0.34 and $0.37 whereas, its 52-Week High Price is $2.37 with respect to its 52 Week Low Price of $0.34. The company’s Market Capitalization stands at $31.67M with 92.04M are the outstanding shares of the company. Neuralstem, Inc. (CUR), a biopharmaceutical company focused on the development of central nervous system therapies based on its neural stem cell technology, recently declared the pricing of an underwritten public offering of 20,000,000 shares of its common stock at a public offering price of $0.40 per share and warrants to purchase 20,000,000 shares of common stock.  The warrants have an exercise price of $0.40 per share, are right away exercisable and expire on the fifth anniversary of the date of issuance. The shares of common stock and warrants are right away separable and will be issued separately.

The offering is predictable to close on May 6, 2016, subject to customary closing conditions. Roth Capital Partners is acting as sole book-runner and Brean Capital is acting as co-manager in the offering.

The gross proceeds of the offering are predictable to be about $8 million, before deducting underwriting discounts and commissions and other estimated offering expenses, not taking into account the exercise of any warrants. Neuralstem intends to use the net proceeds from this underwritten offering to fund regulatory, pre-clinical and clinical activities and general corporate purposes, counting working capital and the repayment of debt.


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