Published on 12/12/2007 in the Prospect News PIPE Daily.
New Issue: Cardima settles private placement of stock for $9 million
By Laura Lutz
Des Moines, Dec. 12 - Cardima, Inc. completed a $9 million private placement of stock with warrants, according to a news release.
The company sold 18 million common shares at $0.50 each along with warrants for 2.7 million shares. The warrants will be exercisable at $0.55 per share.
Cardima is a medical device company based in Fremont, Calif.
| Issuer: | Cardima, Inc.
|
| Issue: | Common stock
|
| Amount: | $9 million
|
| Shares: | 18 million
|
| Price: | $0.50
|
| Warrants: | For 2.7 million warrants
|
| Warrant strike price: | $0.55
|
| Announcement date: | Dec. 12
|
| Stock symbol: | OTCBB: CADM
|
| Stock price: | $0.4655 at close Dec. 11
|
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