Published on 5/29/2007 in the Prospect News PIPE Daily.
New Issue: Endocare closes $7 million stock offering
By Sheri Kasprzak
New York, May 29 - Endocare, Inc. wrapped a private placement for $7 million.
The company sold 3,255,814 shares at $2.15 each to Frazier Healthcare Ventures V, LP. The share price is an 8% premium to the company's closing stock price on May 25.
Located in Irvine, Calif., Endocare develops minimally invasive medical devices used for tissue and tumor ablation.
| Issuer: | Endocare, Inc.
|
| Issue: | Stock
|
| Amount: | $7 million
|
| Shares: | 3,255,814
|
| Price: | $2.15
|
| Warrants: | No
|
| Investor: | Frazier Healthcare Ventures V, LP
|
| Settlement date: | May 25
|
| Stock symbol: | OTCBB: ENDO
|
| Stock price: | $1.99 at close May 25
|
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