Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Aduromed Industries, Inc.
Aduromed Closes Restructuring and Raises $3.8 Million of New Equity Capital
August 22nd, 2008
Aduromed Industries, Inc. (BULLETIN BOARD: ADRM) a leading manufacturer of medical waste treatment systems, announced the closing of its previously announced restructuring plan and the raise of $3.8 million of new equity capital. As part of the restructuring all stakeholders in the Company, including holders of bridge loan notes and preferred stock holders, converted their securities into common stock of the Company and warrants to purchase common stock. New Investors received 271,497,456 shares of common stock and warrants to purchase an additional 235,497,455 shares of common stock at a purchase price of $0.025 for their $3.8 million investment. Existing investors in the Company...
Source: Health Business Week (2008-08-22)
|
