Ladenburg Thalmann helps sell 6.22 million shares to fund operations
By Devika Patel
Knoxville, Tenn., March 27 - CareView Communications, Inc. said it plans a private placement of stock to raise about $3.1 million.
The company will sell 6.22 million common shares.
Investors also will receive warrants for 2.5 million shares, which are each exercisable at $0.60. The strike price is identical to the March 26 closing share price.
Ladenburg Thalmann & Co. Inc. is the agent.
Settlement is expected April 1.
Proceeds will be used for operations.
Based in Lewisville, Texas, CareView provides products and on-demand application services for the health-care industry.
| Issuer: | CareView Communications, Inc.
|
| Issue: | Common stock
|
| Amount: | $3.1 million (approximate)
|
| Shares: | 6.22 million
|
| Warrants: | For 2.5 million shares
|
| Warrant strike price: | $0.60
|
| Agent: | Ladenburg Thalmann & Co. Inc.
|
| Pricing date: | March 27
|
| Settlement date: | April 1
|
| Stock symbol: | OTCBB: CRVW
|
| Stock price: | $0.60 at close March 26
|
| Market capitalization: | $75.54 million
|
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