Medical technology company will use proceeds to finance future growth
By Devika Patel
Knoxville, Tenn., Sept. 19 - MagForce AG said it settled a €700,000 private placement of shares.
The company sold 56,360 common shares at €12.42 each. The price per share is a 2.21% discount to the Sept. 16 closing share price of €12.70.
Proceeds will be used to finance further growth.
MagForce is a Berlin-based medical technology company.
| Issuer: | MagForce AG
|
| Issue: | Ordinary shares
|
| Amount: | €700,000
|
| Shares: | 56,360
|
| Price: | €12.42
|
| Warrants: | No
|
| Settlement date: | Sept. 19
|
| Stock symbol: | Frankfurt: MF6
|
| Stock price: | €12.70 at close Sept. 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
