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Arbios Systems, Inc.
Arbios raises $1.35M in private placement
April 8th, 2006
Arbios Systems, Inc., a biomedical device and cell therapy company developing liver assist products for the treatment of liver failure, announced that the company has closed a private placement financing of units, consisting of common stock and warrants, for gross proceeds of $1.35 million. Each unit consists of one share of Arbios common stock and one warrant to purchase 0.50 of a share of Arbios common stock, comprising a total of 1,227,272 shares of Arbios common stock and warrants to purchase 613,634 shares of Arbios common stock. Under terms of the agreement, the units were sold at a price of $1.10 per unit, and the warrants will be exercisable...
Source: Law & Health Weekly (2006-04-08)
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