Acusphere, Inc.

Drug development company reports $21.5M private financing

Published in Healthcare Mergers, Acquisitions and Ventures Week, August 28th, 2004

Acusphere, Inc., (ACUS) announced that it has entered into definitive purchase agreements for a $21.5 million private placement of newly issued shares of common stock and the concurrent issuance of warrants for the purchase of additional shares of common stock to institutional and accredited investors.

The financing is expected to occur in two closings, with the first closing resulting in aggregate gross proceeds to the company of approximately $17.9 million, scheduled to be completed early this week, subject to customary closing conditions.

A second and final closing resulting in additional gross proceeds of approximately $3.6 million should occur...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2004-08-28)

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