By Devika Patel
Knoxville, Tenn., Feb. 11 - BSD Medical Corp. will conduct a $2 million registered direct offering of shares, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The company will sell 1,176,471 common shares at $1.70 per share.
Investors also will receive warrants for 882,354 common shares. The warrants are exercisable at $2.04 for five years.
Roth Capital Partners LLC is the agent.
Settlement is expected Feb. 17.
Proceeds will be used for general corporate purposes, including working capital.
BSD is a medical systems development company located in Salt Lake City.
| Issuer: | BSD Medical Corp.
|
| Issue: | Common shares
|
| Amount: | $2 million
|
| Shares: | 1,176,471
|
| Price: | $1.70
|
| Warrants: | For 882,354 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.04
|
| Agents: | Roth Capital Partners LLC
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 17
|
| Stock symbol: | Nasdaq: BSDM
|
| Stock price: | $1.91 at close Feb. 10
|
| Market capitalization: | $37.2 million
|
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