By Sheri Kasprzak
New York, March 16 - CompuMed, Inc. sealed a $2,000,160 private placement of class D convertible preferred stock.
The company sold 4,167 units at $480 each to a single institutional investor.
Each unit consists of one share of the 2% preferred stock and 1,000 common share warrants. Each warrant is exercisable at $0.30 through March 12, 2012.
Each preferred is convertible into 2,000 common shares
The preferreds were created on March 12.
Based in Los Angeles, CompuMed develops computer-aided diagnostic products used by the biotech industry.
| Issuer: | CompuMed, Inc.
|
| Issue: | Units of one share of class D convertible preferred stock and 1,000 warrants
|
| Amount: | $2,000,160
|
| Units: | 4,167
|
| Price: | $480
|
| Dividends: | 2%
|
| Conversion ratio: | Into 2,000 common shares
|
| Warrants: | For 1,000 shares per unit
|
| Warrant expiration: | March 12, 2012
|
| Warrant strike price: | $0.30
|
| Settlement date: | March 14
|
| Stock symbol: | OTCBB: CMPD
|
| Stock price: | $0.31 at close March 14
|
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