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Health Benefits Direct wraps $4.5 million private placement of stock
By Sheri Kasprzak
New York, Dec. 13 - Health Benefits Direct Corp. said it concluded a $4.5 million private placement of stock.
The details of the offering were not available by press time Tuesday.
Proceeds will be used for debt repayment, acquisition and working capital.
On Tuesday, the company's stock also began trading on the Over-the-Counter Bulletin Board under the symbol "HBDT."
Based in Pompano Beach, Fla., Health Benefits Direct is a health insurance company.
On Tuesday, the company's closed at $2.70.
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