Form 4: electroCore Director Julie Ann Goldstein Acquires Shares and Warrants in Private Placement

Julie Ann Goldstein, a director at electroCore, Inc., acquired 7,701 units consisting of common stock and warrants through a private placement offering.

Summary

• On June 5, 2024, Julie Ann Goldstein, a director of electroCore, Inc., acquired 7,701 units in a private placement.
• Each unit consisted of one share of common stock and one warrant to purchase one-half share of common stock.
• The purchase price was $6.4925 per unit, with $6.43 allocated to each share and $0.0625 to each warrant.
• The warrants are immediately exercisable at $6.43 per share and expire five years after issuance.
• Following the transaction, Goldstein beneficially owns 77,380 shares of common stock, which includes vested deferred stock units and shares held in NeuroSpine Ventures, for which she disclaims beneficial ownership except to the extent of her pecuniary interest.
• She also owns warrants to purchase 3,850 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's investment signals confidence, but it's a routine transaction.

Positives

• The director's participation in the private placement demonstrates confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but the warrant terms suggest an expectation of potential future value increase in electroCore's common stock.

Industry Context

Directors purchasing shares in their own companies is generally viewed positively by the market, as it aligns their interests with those of other shareholders. Private placements are a common method for companies to raise capital.

Stakeholder Impact

• The director's purchase could positively influence shareholder sentiment.

Key Dates