Intrepid Holdings gets $25 million equity line

By Sheri Kasprzak

New York, Sept. 28 - Intrepid Holdings, Inc. said it has received a $25 million discretionary drawdown offering from Goldbridge Capital, LLC.

Under the terms of the agreement, the company may sell shares to Goldbridge over three years at its discretion.

The precise terms of the deal could not be determined Wednesday.

Based in Houston, Intrepid is a mail-order pharmacy company.

On Wednesday, the company's stock closed down $0.01 to end at $0.52.

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