Published on 12/12/2007 in the Prospect News PIPE Daily.
New Issue: Cardima settles private placement of stock for $9 million
By Laura Lutz
Des Moines, Dec. 12 - Cardima, Inc. completed a $9 million private placement of stock with warrants, according to a news release.
The company sold 18 million common shares at $0.50 each along with warrants for 2.7 million shares. The warrants will be exercisable at $0.55 per share.
Cardima is a medical device company based in Fremont, Calif.
Issuer: | Cardima, Inc.
|
Issue: | Common stock
|
Amount: | $9 million
|
Shares: | 18 million
|
Price: | $0.50
|
Warrants: | For 2.7 million warrants
|
Warrant strike price: | $0.55
|
Announcement date: | Dec. 12
|
Stock symbol: | OTCBB: CADM
|
Stock price: | $0.4655 at close Dec. 11
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.