New Issue: Electro-Optical Sciences concludes $11.5 million stock offering

By Sheri Kasprzak

New York, Aug. 1 - Electro-Optical Sciences, Inc. sealed an $11,501,023 private placement of stock.

The company sold 2,000,178 shares at $5.75 each.

The investors also received warrants for 500,041 shares, exercisable at $8.00 each for five years.

Cowen and Co., LLC was the lead agent with ThinkEquity Partners LLC as the co-agent.

Based in Irvington, N.Y., Electro-Optical develops medical devices used to detect melanoma.

Issuer:	Electro-Optical Sciences, Inc.
Issue:	Stock
Amount:	$11,501,023
Shares:	2,000,178
Price:	$5.75
Warrants:	For 500,041 shares
Warrant expiration:	Five years
Warrant strike price:	$8.00
Placement agent:	Cowen and Co., LLC (lead); ThinkEquity Partners LLC
Settlement date:	July 31
Stock symbol:	Nasdaq: MELA
Stock price:	$6.53 at close July 31

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