GALECTIN THERAPEUTICS INC | 2013 | FY | 3


Warrant activity is summarized as follows:

 

Outstanding at December 31, 2011

     6,673,405   

Issued

     1,379,739  

Cancelled

     (616,726

Exercised

     (12,177
  

 

 

 

Outstanding at December 31, 2012

     7,424,241   
  

 

 

 

Issued

     5,000   

Cancelled

     (1,344,012

Exercised

     (50,000
  

 

 

 

Outstanding at December 31, 2013

     6,035,229   
  

 

 

 

 

The following table summarizes information with regard to outstanding warrants issued in connection with equity and debt financings and consultants as of December 31, 2013.

 

Issued in Connection With

  Number
Issued
    Exercise
Price
    Exercisable Date     Expiration Date  

February 12, 2009 Series B-1 Transaction

       

$0.50 Investor Warrants—Class B

    1,200,000      $ 3.00        February 12, 2009        February 12, 2014   

May 13, 2009 Series B-2 Transaction

       

$0.50 Investor Warrants—Class B

    600,000      $ 3.00        May 13, 2009        May 13, 2014   

June 30, 2009 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    33,333      $ 3.00        June 30, 2009        June 30, 2014   

$0.50 Investor Warrants—Class B

    333,333      $ 3.00        June 30, 2009        June 30, 2014   

May 1, 2009 Consultant Warrants

    6,250      $ 3.00        May 1, 2009        May 1, 2014   

June 30, 2009 Consultant Warrants

    40,000      $ 3.00        June 30, 2009        June 30, 2014   

August 12, 2009 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    50,000      $ 3.00        August 12, 2009        August 12, 2014   

$0.50 Investor Warrants—Class B

    200,000      $ 3.00        August 12, 2009        August 12, 2014   

September 30, 2009 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    54,166      $ 3.00        September 30, 2009        September 30, 2014   

$0.50 Investor Warrants—Class B

    216,666      $ 3.00        September 30, 2009        September 30, 2014   

November 4, 2009 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    51,666      $ 3.00        November 4, 2009        November 4, 2014   

$0.50 Investor Warrants—Class B

    206,666      $ 3.00        November 4, 2009        November 4, 2014   

December 8, 2009 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    54,167      $ 3.00        December 8, 2009        December 8, 2014   

$0.50 Investor Warrants—Class B

    216,667      $ 3.00        December 8, 2009        December 8, 2014   

January 29, 2010 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    54,167      $ 3.00        January 29, 2010        January 29, 2015   

$0.50 Investor Warrants—Class B

    216,667      $ 3.00        January 29, 2010        January 29, 2015   

March 8, 2010 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    55,834      $ 3.00        March 8, 2010        March 8, 2015   

$0.50 Investor Warrants—Class B

    223,334      $ 3.00        March 8, 2010        March 8, 2015   

April 30, 2010 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    51,667      $ 3.00        April 30, 2010        April 30, 2015   

$0.50 Investor Warrants—Class B

    206,667      $ 3.00        April 30, 2010        April 30, 2015   

May 10, 2010 Series B-2 Transaction

       

$0.50 Investor Warrants—Class A-2

    95,000      $ 3.00        May 10, 2010        May 10, 2015   

$0.50 Investor Warrants—Class B

    380,000      $ 3.00        May 10, 2010        May 10, 2015   

May 25, 2010 Consultant Warrants

    14,584      $ 4.50        May 25, 2010        May 25, 2014   

May 25, 2010 Consultant Warrants

    7,500      $ 15.00        May 25, 2010        May 25, 2014   

June 15, 2010 Consultant Warrants

    100,000      $ 4.26        June 15, 2010        June 15, 2015   

December 9, 2010 Consultant Warrants

    33,334      $ 3.90        December 9, 2010        December 9, 2015   

December 30, 2010 Placement Agent Warrants

    500      $ 7.20        December 30, 2010        December 30, 2015   

March 28, 2012 Offering Warrants

    1,333,061      $ 5.63        March 28, 2012        March 28, 2017   
 

 

 

       

Total outstanding warrants

    6,035,229         
 

 

 

       

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