-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AQ6VExTav5jwiaJZQYOL8lmZvaaVjmKKCYJarP8ak5l/hhGXgyVl6fb0/eTpryjQ 15l5b5T2Rg3uGG2g76AAiw== 0000912057-01-526486.txt : 20010806 0000912057-01-526486.hdr.sgml : 20010806 ACCESSION NUMBER: 0000912057-01-526486 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEMCELLS INC CENTRAL INDEX KEY: 0000883975 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 943078125 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-61726 FILM NUMBER: 1697159 BUSINESS ADDRESS: STREET 1: 525 DEL REY AVE STREET 2: STE C CITY: SUNNYVALE STATE: CA ZIP: 94085 BUSINESS PHONE: 4087318670 MAIL ADDRESS: STREET 1: 525 DEL REY AVE STREET 2: STE C CITY: SUNNYVALE STATE: CA ZIP: 94085 FORMER COMPANY: FORMER CONFORMED NAME: CYTOTHERAPEUTICS INC/DE DATE OF NAME CHANGE: 19930328 424B3 1 a2055284z424b3.txt FORM 424(B)(3) FILED PURSUANT TO RULE 424(b)(3) REGISTRATION NO. 333-61726 STEMCELLS, INC. PROSPECTUS SUPPLEMENT (TO PROSPECTUS DATED JULY 2, 2001) You should read this prospectus supplement and the related prospectus carefully before you invest. Both documents contain information you should consider when making your investment decision. We delivered a draw down notice to Sativum Investments Limited, dated as of July 11, 2001, in connection with the common stock purchase agreement dated as of May 10, 2001 evidencing an equity line facility between us and Sativum. In the draw down notice, we notified Sativum that we are exercising our right to sell up to $5,000,000 of our common stock to Sativum based on the formula in the stock purchase agreement, during the 20 trading days beginning on July 12, 2001 and ending on August 8, 2001. During the first 10 trading days, Sativum purchased a total of 425,134 shares of our common stock at an average purchase price of $5.88 per share, net of Sativum's discount of six percent. Our placement agents, Pacific Crest Securities, Inc. and Granite Financial Group, Inc. received $50,000 and $25,000, respectively, as placement fees in connection with this draw down, resulting in net proceeds to us of $2,424,000 for the first 10 trading day settlement period after paying escrow fees. The attached prospectus relates to the resale of shares acquired by Sativum pursuant to the stock purchase agreement. Because Sativum may sell some or all of these shares, and because there are currently no agreements, arrangements or understandings with respect to the sale of any of these shares, we cannot estimate the actual amount of shares that it will hold after the completion of the offering. We expect to use the proceeds of this sale of common stock primarily for general corporate purposes. We will not receive any proceeds from the resale of our common stock by Sativum. RECENT DEVELOPMENT On July 19, 2001, Millennium Partners, L.P. exercised its right under an adjustable common stock purchase warrant to purchase 622,469 shares of our common stock for $6,225. The date of this prospectus supplement is July 27, 2001. -----END PRIVACY-ENHANCED MESSAGE-----