Proceeds used for fees, business development, administration expenses
By Devika Patel
Knoxville, Tenn., May 22 - Accelera Innovations, Inc. priced a $35 million initial public offering of stock in a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 5 million common shares at $7.00 apiece on a self-underwritten, best-efforts basis.
Proceeds will be used for professional fees, general business development, administration expenses, option fees and software fees.
The Frankfurt, Ill., healthcare service company holds technology assets that were licensed to the company by majority shareholder Synergistic Holdings, LLC. The technology, a proprietary Internet-based, software, Accelera Technology, aims to provide interoperable technology improving the quality of care while reducing cost.
| Issuer: | Accelera Innovations, Inc.
|
| Issue: | Common stock
|
| Amount: | $35 million
|
| Shares: | 5 million
|
| Price: | $7.00
|
| Warrants: | No
|
| Pricing date: | May 22
|
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