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PLC Systems Inc Raises $4,040,000 In Equity Financing


Monday, 25 Feb 2013 08:30am EST 

PLC Systems Inc announced that it has raised $4,040,000 in gross proceeds through the sale of 26,933,333 shares of common stock and common stock equivalents at a price of $0.15 per share and five-year warrants to purchase 26,933,333 shares of common stock at an exercise price of $0.20 per share. PLC Systems plans to use the proceeds from this financing to fund ongoing U.S. pivotal trials with RenalGuard to prevent or reduce the onset of contrast-induced nephropathy (CIN) during imaging procedures, for investor and public relations, and for general corporate purposes. Palladium Capital Advisors LLC served as the exclusive placement agent for the offering. 

Latest Developments for PLC Systems Inc

Company Quote

0.0054
-6.0E-4 -10.00%
28 Jul 2014