New Issue: NMT Medical details $5.76 million private placement of common shares

By Devika Patel

Knoxville, Tenn., Feb. 22 - NMT Medical, Inc. gave further details about a $5.76 million private placement of stock in an 8-K filed Monday with the Securities and Exchange Commission. The deal settled on Feb. 16.

The company sold 2,678,958 common shares at $2.15 per share. Investors also received warrants for 2,143,166 shares. Each warrant is exercisable at $2.90 for five years.

Proceeds will be used for clinical trials and development programs.

The Boston-based medical technology company makes instruments and implants used in heart surgery.

Issuer:	NMT Medical, Inc.
Issue:	Common stock
Amount:	$5,759,760
Shares:	2,678,958
Price:	$2.15
Warrants:	For 2,143,166 shares
Warrant expiration:	Five years
Warrant strike price:	$2.90
Settlement date:	Feb. 16
Stock symbol:	Nasdaq: NMTI
Stock price:	$2.06 at close Feb. 16
Market capitalization:	$37 million

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