Published on 4/25/2007 in the Prospect News PIPE Daily.
New Issue: CryoCor to close $5.41 million private placement of stock
By Sheri Kasprzak
New York, April 25 - CryoCor, Inc. plans to settle a $5,409,454 private placement.
The offering includes up to 1,052,423 shares at $5.14 each.
The investors will also receive warrants for 578,824 shares, exercisable at $5.14 each.
Based in San Diego, CryoCor develops minimally invasive and disposable catheters used to treat cardiac arrhythmia.
| Issuer: | CryoCor, Inc.
|
| Issue: | Stock
|
| Amount: | $5,409,454
|
| Shares: | 1,052,423
|
| Price: | $5.14
|
| Warrants: | For 578,824 shares
|
| Warrant strike price: | $5.14
|
| Announcement date: | April 25
|
| Stock symbol: | Nasdaq: CRYO
|
| Stock price: | $5.39 at close April 24
|
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