By Devika Patel
Knoxville, Tenn., May 23 - HeartWare Ltd. said in an 8-K filed Friday with the Securities and Exchange Commission that it will raise A$30 million in a private placement of stock.
The company plans to sell 60 million ordinary shares at A$0.50 each.
Based in Sydney, Australia, HeartWare develops medical devices used to assist patients with congestive heart failure.
| Issuer: | HeartWare Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | A$30 million
|
| Shares: | 60 million
|
| Price: | A$0.50
|
| Warrants: | No
|
| Pricing date: | May 23
|
| Stock symbol: | Australia: HTW
|
| Stock price: | A$0.56 at close May 23
|
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