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MRI to price public sale of 2 million units between $6.00 and $7.50
Bookrunner Roth Capital Partners and co-manager Chardan will assist
By Devika Patel
Knoxville, Tenn., July 6 – MRI Interventions, Inc. will sell 2 million units in its public offering with a 45-day greenshoe of 300,000 additional units, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The company has registered up to $15.53 million of stock for the deal, which was announced on May 26.
The units of common shares and five-year warrants will be sold at a price expected to fall between $6.00 and $7.50 per unit.
Roth Capital Partners is the bookrunning manager, and Chardan is the co-manager.
Proceeds will be used for working capital and other general corporate purposes.
Based in Memphis, MRI Interventions develops systems for minimally invasive surgical procedures in the brain and heart.
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