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
Lumera Secures $25 Million Committed Equity Financing Facility
March 8th, 2008
Lumera Corporation (NASDAQ:LMRA), a leader in the field of photonic communications, announced that it has entered into a Committed Equity Financing Facility (CEFF) with Kingsbridge Capital Limited, a private investment group, in which Kingsbridge has committed to provide up to $25 million of capital during the next three years through the purchase of newly issued shares of Lumera common stock. Under the terms of the agreement, Lumera will determine the exact timing and amount of any CEFF financings, subject to certain conditions. The CEFF allows Lumera to raise capital, at its discretion, to support Lumera's corporate, research and development activities. "Lumera is...
Source: Law & Health Weekly (2008-03-08)
|
