Formation and Reverse Acquisition of Matinas Biopharma Holdings - Registration Rights and Other (Details Textual)
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1 Months Ended |
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Jul. 31, 2013
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Formation And Reverse Acquisition [Line Items] | |
Securities Penalty Payment Description | Holdings shall pay to each holder of registrable securities purchased in 2013 Private Placement an amount in cash equal to half of one percent (0.5%) of such holder’s investment amount on every thirty (30) day anniversary of such failure to maintain the registration statement until such failure was cured; |
Effectiveness of Registration Statement Description | If the Company does not maintain the effectiveness of the registration statement during the Effectiveness Period, subject to certain limitations and the right of the Company to suspend the use of the prospectus for certain periods, Holdings shall pay to each holder of registrable securities purchased in 2013 Private Placement an amount in cash equal to half of one percent (0.5%) of such holders investment amount on every thirty (30) day anniversary of such failure to maintain the registration statement until such failure was cured; |