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InspireMD may sell 306,820 convertible preferred units in public sale
Bookrunner Dawson James will sell convertible preferreds with warrants
By Devika Patel
Knoxville, Tenn., June 14 – InspireMD, Inc. will sell 306,820 convertible preferred units in its public offering, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission. The company has registered up to $42,694,003 of stock for the deal, which was announced on April 14.
The units will each consist of one series B convertible preferred share and 100 five-year warrants.
Dawson James Securities, Inc. is the bookrunner.
Proceeds will be used for operations and general working capital requirements, to conduct sales activities, to develop new products and for general corporate purposes.
InspireMD is a medical device company based in Boston.
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