Unassociated Document
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SUPPLEMENT
No. 1
April
19, 2010
(To
Prospectus dated April 7, 2009)
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Rule
424(b)(3)
Registration
No. 333-157079
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1,984,672
Common
Shares
This
prospectus supplements information contained in, and should be read in
conjunction with, that certain Prospectus, dated April 7, 2009, of Neuralstem,
Inc. (”Company) as well as all prior supplements thereto. This supplement is not
complete without, and may not be delivered or used except in connection with,
the original Prospectus and all supplements thereto. The Prospectus relates to
the resale of up to 1,984,672 shares of our common stock by the selling
shareholders identified in the Prospectus.
The
information contained herein supplements, modifies and supersedes, in part, the
information in the Prospectus, as supplemented. Any information that is modified
or superseded in the Prospectus shall not be deemed to constitute a part of the
Prospectus, except as modified or superseded by this supplement.
We may
amend or supplement the Prospectus from time to time by filing amendments or
supplements as required. You should read the entire Prospectus and any
amendments or supplements carefully before you make an investment
decision.
________________________________________________________
See “Risk Factors” beginning on page
3 of the prospectus dated April 7, 2009, for risk factors and information you
should consider before you purchase shares.
NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS
APPROVED OR DISAPPROVED THESE SECURITIES, OR DETERMINED IF THIS PROSPECTUS IS
TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
______________________________________________________
Described
below are acts or events that constitute a substantive change from or addition
to the information set forth in the above-referenced prospectus:
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·
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In
March of 2010, we amended the terms of 412,272 warrants held by TR Winston
& Company, LLC. Pursuant to the amendment, we agreed to
extend the expiration date of the warrants to March 15, 2014 in exchange
for the removal of the anti-dilution provisions from said
warrants. We did not receive any additional consideration in
connection with the amendment. The warrant has a current
exercise price of $1.25 per share.
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FORWARD-LOOKING
STATEMENTS
You
should carefully consider the risk factors set forth in the Prospectus, as well
as the other information contained in this supplement and any other supplements
previously filed. This supplement and the Prospectus contain forward-looking
statements regarding events, conditions, and financial trends that may affect
our plan of operation, business strategy, operating results, and financial
position. You are cautioned that any forward-looking statements are not
guarantees of future performance and are subject to risks and uncertainties.
Actual results may differ materially from those included within the
forward-looking statements as a result of various factors. Cautionary statements
in the “Risk Factors” section of the Prospectus identify important risks and
uncertainties affecting our future, which could cause actual results to differ
materially from the forward-looking statements made in this supplement and the
Prospectus.
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The
Date of this Prospectus Supplement is April 19, 2010