Neuralstem, Inc. (NASDAQ:CUR) Files An 8-K Other Events
Item 8.01Other Events.

On April 10, 2017, the compensation committee (“Committee”) of Neuralstem, Inc. (the “Company”) recommended and the board of directors (“Board”) approved the reinstatement of non-employee Board compensation for the period between July 1, 2016 and July 1, 2017. Upon reviewing the Company’s cash position, resulting primarily from its receipt of a $20,000,000 strategic investment from Tianjin Pharmaceutical Group International Holdings Co., Ltd., the Board and Committee determined that the previously deferred annual compensation of $100,000 per non-employee member of the Board would be reinstated and paid, at the election of each director (i) in cash, (ii) in conditional stock option grants, subject to the applicable NASDAQ rules or (iii) a combination thereof.

About Neuralstem, Inc. (NASDAQ:CUR)

Neuralstem, Inc. (Neuralstem) is a clinical-stage biopharmaceutical company. The Company is engaged in research, development and commercialization of central nervous system therapies based on its human neuronal stem cells and its stem-cell derived small molecule compounds. The Company has approximately three assets: its NSI-189 small molecule program, its NSI-566 stem cell therapy program and its chemical entity screening platform. The Company’s technology allows the commercial-scale production of multiple types of central nervous system stem cells, which are under development for the treatment of central nervous system diseases and conditions. The Company is developing NSI-189 for the treatment of major depressive disorder (MDD) and other psychiatric and/or cognitive impairment indications associated with hippocampal atrophy. The Company’s NSI-566 is indicated for amyotrophic lateral sclerosis (ALS), chronic spinal cord injury and motor deficits due to ischemic stroke.

Neuralstem, Inc. (NASDAQ:CUR) Recent Trading Information

Neuralstem, Inc. (NASDAQ:CUR) closed its last trading session up +0.01 at 4.80 with 32,990 shares trading hands.