By Sheri Kasprzak
New York, March 6 - Crdentia Corp. wrapped a private placement for $1 million.
The company sold 1,666,667 shares at $0.60 each to investors led by MedCap Partners LP.
The offering brings to $3 million the proceeds raised from the offering this year. The first tranche, for 1,283,332 shares, closed on Jan. 25. The second tranche, for 2,049,999 shares, closed on Feb. 7.
The shares in those tranches were also sold at $0.60 each.
Proceeds will be used for working capital.
Crdentia, based in Dallas, is a healthcare staffing service.
| Issuer: | Crdentia Corp.
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 1,666,667
|
| Price: | $0.60
|
| Warrants: | No
|
| Investors: | MedCap Partners LP (lead)
|
| Settlement date: | March 2
|
| Stock symbol: | OTCBB: CRDT
|
| Stock price: | $0.22 at close March 2
|
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