ActiveCare registers $17.25 million of stock for stock, warrants sale

Bookrunner Joseph Gunnar helps sell shares with five-year warrants

By Devika Patel

Knoxville, Tenn., July 19 – ActiveCare, Inc. will price an offering of stock and warrants with a 45-day greenshoe, according to a form S-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $17.25 million of stock.

The warrants expire in five years.

Joseph Gunnar & Co. is the bookrunner.

Proceeds will be used for research and development, inventory purchases, sales and marketing capabilities, debt repayment, working capital and other general corporate purposes.

The telematic and remote health monitoring company is based in Orem, Utah.

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