BrainStorm Cell Therapeutics Announces Pricing of Underwritten Public Offering

  BrainStorm Cell Therapeutics Announces Pricing of Underwritten Public
  Offering

Business Wire

NEW YORK & PETAH TIKVA, Israel -- August 13, 2013

BrainStorm Cell Therapeutics Inc. (OTCQB: BCLI) today announced the pricing of
a $4.0 million underwritten public offering of 23,529,411 units at a public
offering price of $0.17 per unit, with each unit consisting of one share of
its common stock, par value $0.00005 per share, and 0.75 of a warrant to
purchase one share of its common stock at an exercise price of $0.25 per
share. The offering is expected to close on August 16, 2013 subject to
customary closing conditions.

Roth Capital Partners, LLC and Maxim Group LLC are acting as joint
book-running managers for the offering. Net proceeds, after underwriting
discounts and commissions but before other transaction fees and expenses
payable by the Company, will be approximately $3.7 million.

The shares described above are being offered by BrainStorm Cell Therapeutics
Inc. pursuant to a registration statement on Form S-1 previously filed with
and subsequently declared effective by the Securities and Exchange Commission.
A final prospectus relating to the offering will be filed with the SEC and
will be available on the SEC’s website at http://www.sec.gov. Copies of the
final prospectus, when available, may also be obtained from Roth Capital
Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660, (800) 678-9147
or from Maxim Group LLC, Equity Syndicate Prospectus Department, 405 Lexington
Avenue, 2nd Floor, New York, NY, 10022, or by telephone at 1-212-895-3745.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any of the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

About BrainStorm Cell Therapeutics Inc.

BrainStorm Cell Therapeutics Inc. is a biotechnology company engaged in the
development of first-of-its-kind adult stem cell therapies derived from
autologous bone marrow cells for the treatment of neurodegenerative diseases.
The Company holds the rights to develop and commercialize its NurOwn™
technology through an exclusive, worldwide licensing agreement with Ramot, the
technology transfer company of Tel Aviv University. For more information,
visit the company's website at www.brainstorm-cell.com.

Safe Harbor / Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995 regarding the public
offering. The offering is subject to market and other conditions and there can
be no assurance as to the estimated proceeds from the offering and the
anticipated use of proceeds from the offering. These forward-looking
statements are subject to risks and uncertainties that may cause actual
results to differ materially, including market conditions, risks associated
with the cash requirements of our business and other risks detailed from time
to time in our filings with the Securities and Exchange Commission, and
represent our views only as of the date they are made and should not be relied
upon as representing our views as of any subsequent date. We do not assume any
obligation to update any forward-looking statements.

Contact:

BrainStorm Cell Therapeutics, Inc.
Mr. Chaim Lebovits, President
+972-3-923-6384
info@brainstorm-cell.com
www.brainstorm-cell.com
 
Press spacebar to pause and continue. Press esc to stop.