Law & Health Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Law & Health Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Financing
Echo Therapeutics Announces Closing of Approximately $2.3 Million Private Financing
March 1st, 2008
Echo Therapeutics, Inc. (BULLETIN BOARD: ECTE) , a specialty pharmaceuticals and diagnostics company, announced that it had completed an approximately $2.3 million private financing with Montaur Capital through Platinum Long Term Growth VII, LLC and certain other select institutional and strategic investors of senior unsecured convertible notes and warrants. The $2,292,459 in aggregate principal amount of Senior Convertible Notes to be issued in the financing will bear interest annually at a rate of 8.0% per annum and will provide investors with the right to convert principal into shares of Echo Therapeutics common stock at $1.35 per share. The conversion price is...
Source: Law & Health Weekly (2008-03-01)
|
