By Sheri Kasprzak
New York, June 7 - AMDL, Inc. closed the second tranche of a private placement for $1,540,875.
The company sold 587,000 units at $2.625 each.
The units include one share and one half-share warrant. Each whole warrant is exercisable at $3.68.
Galileo Asset Management SA and Securities Network, LLC were the placement agents.
Based in Tustin, Calif., AMDL develops immunodiagnostic kits.
| Issuer: | AMDL, Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $1,540,875
|
| Units: | 587,000
|
| Price: | $2.625
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | $3.68
|
| Placement agents: | Galileo Asset Management SA; Securities Network, LLC
|
| Settlement date: | June 5
|
| Stock symbol: | Amex: ADL
|
| Stock price: | $3.83 at close June 5
|
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