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SANUWAVE Health Inc Announces Appointment Of CEO And Closing Of Its $2.0 Million Bridge Financing


Tuesday, 26 Feb 2013 09:01am EST 

SANUWAVE Health Inc announced that the Company has appointed Wall Street and healthcare industry veteran Joseph Chiarelli as Chief Executive Officer and a Director and the closing of a $2.0 million bridge financing. As previously announced, the Company was working with select accredited investors to raise up to $1.25 million in capital through the issuance of six-month 18% Senior Secured Convertible Promissory Notes. Due to strong interest from the select accredited investors, most of whom had invested in previous financing rounds of SANUWAVE, the Company raised $2.0 million through the sale of the notes. The secured convertible promissory note will convert at the completion of a larger funding. 

Company Quote

0.23
0.03425 +17.50%
23 Jan 2015