Investor FAQs

1.When did ContraFect complete its Initial Public Offering (IPO)When did ContraFect complete its Initial Public Offering (IPO)?
2.What did I purchase in the IPO?
3.What did I purchase if I bought “stock” in ContraFect in the time between the IPO and September 12, 2014?
4.Why do I no longer see “CFRXU” listed on NASDAQ?
5.How were the components of the unit priced for the initial day of trading on September 12, 2014?
6.How do I know what I hold in ContraFect?
7.If I owned 2,000 units of “CFRXU”, what do I own after the unit separated on September 12, 2014.
8.What is the strike price of the warrants? Expiration date? Any other terms (i.e.; callability)?
1.When did ContraFect complete its Initial Public Offering (IPO)When did ContraFect complete its Initial Public Offering (IPO)?
 ContraFect units began trading on NASDAQ under the symbol “CFRXU” July 29, 2014, the transaction officially closed on August 1, 2014.

2.What did I purchase in the IPO?
 The security offered in the IPO was a “unit”. Each unit consists of one share of our common stock (“CFRX”), one Class A warrant (“CFRXW”) to purchase one share of our common stock and one Class B warrant (“CFRXZ”) to purchase one-half share of our common stock.

3.What did I purchase if I bought “stock” in ContraFect in the time between the IPO and September 12, 2014?
 You bought units, which was the only security trading on NASDAQ prior to September 12, 2014. The units were the only security offered in the IPO and they traded under the ticker symbol “CFRXU”.

4.Why do I no longer see “CFRXU” listed on NASDAQ?
 As of the morning of September 12, 2014, the unit separated into its three component parts and the unit, trading under the ticker symbol “CFRXU”, ceased to exist. As a result, it is no longer listed on the NASDAQ.

5.How were the components of the unit priced for the initial day of trading on September 12, 2014?
 On the first day of trading, the three individual securities, “CFRX”, “CFRXW” and “CFRXZ”, were priced at the open of the market so that the sum of the three parts was equal to the price of the unit, “CFRXU”, at the close of the market on the previous day.

6.How do I know what I hold in ContraFect?
 For investors that purchased ContraFect securities in the IPO or subsequent to the IPO, you should receive a statement of account from the brokerage firm you used to place the order.

For investors that were invested in ContraFect private securities prior to the IPO, you will receive a statement of account from American Stock Transfer and Trust Company, LLC. during Q4 2014.

7.If I owned 2,000 units of “CFRXU”, what do I own after the unit separated on September 12, 2014.
 2,000 shares of CFRX
2,000 shares of CFRXW
2,000 shares of CFRXZ

8.What is the strike price of the warrants? Expiration date? Any other terms (i.e.; callability)?
 “CFRXW”, the Class A Warrant, has an exercise price of $4.80 per full share of common stock and will be immediately exercisable upon separation of the Unit. It expires on January 31, 2017 unless the company, at its sole discretion, and with 20 days’ notice, delays the expiration date as governed by the Class A Warrant Agreement dated July 28, 2014. Notwithstanding the preceding, ContraFect may call the Class A Warrants with not less than 30 days’ written notice if the last reported sale price of the common shares exceeds 200 percent of the Class A Warrant exercise price for any 20 trading days within a 30 consecutive trading day period.

“CFRXZ”, the Class B warrant, is exercisable to purchase one-half share of common stock and has an exercise price of $4.00 per full share of common stock. The Company has adjusted the expiration of the Class B warrants to occur at 5:00pm EST on Monday, November 2, 2015 as the original expiration date of October 31, 2015 is a Saturday. The Company provided notice of this change through DTCC on October 9, 2015. “CFRXZ” will trade until the close of business on October 28, 2015 and will no longer trade after that date. The Class B warrant is governed by the Class B Warrant Agreement dated July 28, 2014.

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