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iCAD, Inc. Completes $15 Million Financing
iCAD, Inc. announced that it has entered into a five year, $15 million debt facility agreement (the Agreement) with Deerfield Management Company LP, a healthcare investment fund. Under the terms of the Agreement, the Company will issue a $15 million principal amount senior secured 5.75% note; will enter into a Revenue Purchase Agreement; and will issue warrants to purchase 2,250,000 shares of iCAD Common Stock, plus an additional 500,000 shares of Common Stock if the Agreement is extended.
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