New Issue: Cardima raises $5.08 million in stock sale

By Devika Patel

Knoxville, Tenn., May 8 - Cardima, Inc. said it completed a $5.08 million private placement of stock with warrants.

The company sold 8,474,992 common shares at $0.60, each along with warrants for 1,271,247 shares. The warrants will be exercisable at $0.65 per share.

Cardima is a medical device company based in Fremont, Calif.

Issuer:	Cardima, Inc.
Issue:	Common stock
Amount:	$5,084,995.20
Shares:	8,474,992
Price:	$0.60
Warrants:	For 1,271,247 shares
Warrant strike price:	$0.65
Settlement date:	May 8
Stock symbol:	OTCBB: CADM
Stock price:	$0.60 at close May 8

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