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United States : VistaGen Therapeutics' Largest Stockholder Signs 6-Month Lock-Up Agreement.

VistaGen Therapeutics Inc., a clinical-stage biopharmaceutical company focused on developing new generation medicines for depression and other central nervous system (CNS) disorders, announced today that its largest institutional stockholder, holding both common stock and substantially all (99.3%) of the Company's outstanding preferred stock, entered into a 6-month lock-up agreement. Under the agreement, the stockholder and its affiliates agreed to not enter into any transaction involving the Company's securities during the term of the agreement, which runs through late-October 2017 and covers approximately 36% of the Company's issued and outstanding equity securities on an as converted basis.

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Publication:Mena Report
Date:May 2, 2017
Words:110
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