Wound Management settles $250,000 private placement of its preferreds

Offering sells 3,572 series C convertible preferreds at $69.99 apiece

By Devika Patel

Knoxville, Tenn., Sept. 24 – Wound Management Technologies, Inc. negotiated a $250,000 private placement of series C convertible preferred stock with two investors on July 31, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 3,572 preferreds at $69.99 apiece.

Based in Fort Worth, Wound Management Technologies makes advanced wound care products.

Issuer:	Wound Management Technologies, Inc.
Issue:	Series C convertible preferred stock
Amount:	$250,000
Preferreds:	3,572
Price:	$69.99
Warrants:	No
Pricing date:	July 31
Stock symbol:	OTCBB: WNDM
Stock price:	$0.09 at close July 30
Market capitalization:	$9.54 million

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