By Devika Patel
Knoxville, Tenn., April 19 - Bovie Medical Corp. announced a $3 million private placement of stock.
The company will sell 571,429 common shares at $5.25 per share.
Investors also will receive warrants for 285,714 shares. Each warrant is exercisable at $6.00 for five years.
Rodman & Renshaw, LLC is the agent.
Bovie, located in Melville, N.Y., manufactures and markets electrosurgical products.
| Issuer: | Bovie Medical Corp.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 571,429
|
| Price: | $5.25
|
| Warrants: | For 285,714 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $6.00
|
| Agent: | Rodman & Renshaw, LLC
|
| Pricing date: | April 19
|
| Stock symbol: | Amex: BVX
|
| Stock price: | $5.75 at close April 16
|
| Market capitalization: | $90.7 million
|
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