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Artes Medical, Inc.
Artes Medical Completes $2.4 Million Private Placement
October 18th, 2008
Artes Medical, Inc. (Nasdaq:ARTE), a medical aesthetics company, announced that it has completed a financing with accredited investors raising approximately $2.4 million from a private placement of its common stock and related warrants. Empire Asset Management Company served as the placement agent for the transaction. The offering was fully subscribed. Pursuant to the financing, Artes Medical issued approximately 2,735,817 shares of common stock at a purchase price of $0.73 per share. Artes also issued to the investors warrants to purchase an additional 1,367,916 shares of common stock at an exercise price of $0.75 per share. The warrants will be exercisable no sooner...
Source: Law & Health Weekly (2008-10-18)
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