By Devika Patel
Knoxville, Tenn., Sept. 22 - OPKO Health, Inc. said it arranged a $30 million private placement of 8% series D cumulative convertible preferred stock.
The company will sell approximately 1.2 million preferreds at $24.80 apiece.
Investors also will receive warrants for approximately 3 million common shares.
Based in Miami, OPKO Health is a health-care company.
| Issuer: | OPKO Health, Inc.
|
| Issue: | Series D cumulative convertible preferred stock
|
| Amount: | $30 million
|
| Shares: | 1.2 million (approximate)
|
| Price: | $24.80
|
| Dividends: | 8%
|
| Warrants: | For approximately 3 million shares
|
| Pricing date: | Sept. 22
|
| Stock symbol: | NYSE Amex: OPK
|
| Stock price: | $2.66 at close Sept. 21
|
| Market capitalization: | $644 million
|
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