Agreement negotiated with Centurion to finance research, development
By Devika Patel
Knoxville, Tenn., Feb. 22 - Medisafe 1 Technologies Corp. said it negotiated an equity funding facility with Centurion Private Equity, LLC. The deal will raise up to $5 million.
Proceeds will be used for ongoing research and development and to support general corporate purposes.
Medisafe is a medical technology company based in Jerusalem.
| Issuer: | Medisafe 1 Technologies Corp.
|
| Issue: | Equity funding facility
|
| Amount: | $5 million
|
| Warrants: | No
|
| Investor: | Centurion Private Equity, LLC
|
| Settlement date: | Feb. 22
|
| Stock symbol: | OTCBB: MFTH
|
| Stock price: | $0.19 at close Feb. 21
|
| Market capitalization: | $9 million
|
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