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Rennova to conduct $10 million public sale of convertible preferreds
Company will use funds for working capital, general corporate purposes
By Devika Patel
Knoxville, Tenn., July 11 – Rennova Health, Inc. will price a $10 million public offering of units with a 15% greenshoe, according to an FWP filed Monday with the Securities and Exchange Commission. The deal was announced May 20.
The units will consist of convertible preferreds and warrants.
Joseph Gunnar & Co. is the bookrunner.
Proceeds will be used for working capital and general corporate purposes.
The healthcare solutions company is based in West Palm Beach, Fla.
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