By Sheri Kasprzak
New York, March 15 - Applied Imaging Corp. has pocketed $1.3 million from a private placement of stock, the company said Wednesday.
The company issued 773,810 shares at $1.68 apiece to a group of institutional investors led by Roaring Fork Capital SBIC, LP.
The investors received warrants for 193,453 shares, exercisable at $2.52 each.
Bathgate Capital Partners, LLC was the placement agent.
Applied Imaging, based in San Jose, Calif., develops scanning and image analysis systems used for the analysis of cellular and tissue specimens.
| Issuer: | Applied Imaging Corp.
|
| Issue: | Stock
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| Amount: | $1.3 million
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| Shares: | 773,810
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| Price: | $1.68
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| Warrants: | For 193,453 shares
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| Warrant strike price: | $2.52
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| Placement agent: | Bathgate Capital Partners, LLC
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| Investors: | Roaring Fork Capital SBIC, LP (lead)
|
| Settlement date: | March 15
|
| Stock symbol: | OTCBB: AICX
|
| Stock price: | $1.75 at close March 14
|
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