By Sheri Kasprzak
New York, Aug. 12 - MicroMed Technology, Inc. has completed a private placement for $4,991,683 as part of its merger with Salmon Acquisition Corp.
The company sold 3,753,145 shares at $1.33 each.
The investors also received warrants equal to 60% of the shares purchased in the agreement. The warrants are exercisable at $1.33 each for seven years.
Hunter World Markets, Inc. was the placement agent.
Based in Houston, MicroMed is a medical device company focused on the cardiology sector.
| Issuer: | MicroMed Technology, Inc.
|
| Issue: | Stock
|
| Amount: | $4,991,683
|
| Shares: | 3,753,145
|
| Price: | $1.33
|
| Warrants: | Equal to 60% of the shares issued in the offering
|
| Warrant expiration: | Seven years
|
| Warrant strike price: | $1.33
|
| Placement agent: | Hunter World Markets, Inc.
|
| Settlement date: | Aug. 9
|
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