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Provider: MacroRisk Analytics/EconomicInvestor
$25.00
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$12.00
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$10.00
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$10.00

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Firsthand Technology Value Fund Inc Completes Purchase of IntraOp Medical Corp


Monday, 7 Oct 2013 01:09pm EDT 

Firsthand Technology Value Fund Inc announced that it has completed its purchase of a majority interest in IntraOp Medical Corp (IntraOp). The purchase, funded with a combination of cash and stock, was effectively a take-private transaction, as IntraOp was formerly a publicly-traded company. The deal was facilitated by a Section 363 bankruptcy process, whereby the Fund led a group of investors in restructuring IntraOp's debt obligations and providing additional cash to fund the company's continuing operations. 

Company Quote

18.59
0.02 +0.11%
26 Dec 2014