By Sheri Kasprzak
New York, April 18 - Crdentia Corp. closed another tranche of its planned $5 million private placement, bringing to $3.3 million the total proceeds raised so far.
This time, the company sold 499,999 shares at $0.60 each.
The shares were sold to a group of investors led by MedCap Partners LP and including MedCap Master Fund LP.
On March 6, the company sold 1,666,667 shares in the offering. The company issued 2,049,999 shares on Feb. 7 and 1,283,332 shares on Jan. 25.
Proceeds will be used for working capital.
Crdentia, based in Dallas, is a health care staffing service.
| Issuer: | Crdentia Corp.
|
| Issue: | Stock
|
| Amount: | $300,000
|
| Shares: | 499,999
|
| Price: | $0.60
|
| Warrants: | No
|
| Investors: | MedCap Partners LP (lead), MedCap Master Fund LP
|
| Settlement date: | April 12
|
| Stock symbol: | OTCBB: CRDT
|
| Stock price: | $0.40 at close April 12
|
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