BrainStorm offering shows stock ‘out of favor’ with investors, Feuerstein says

After BrainStorm announced an agreement to sell 4.05M shares at $1.85 in a registered direct offering, Adam Feuerstein of Stat News tweeted: $BCLI sells 4M shares w/ 100% warrant coverage. Raises $7.5M. Based on its burn rate, the company was close to running out of cash, so this offering is a lifeline, but shows how out of favor it is with investors, based on futility of #NurOwn.”