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Assured Pharmacy, Inc.
Assured Pharmacy Announces $12 Million Financing
October 25th, 2008
Assured Pharmacy, Inc. (BULLETIN BOARD: APHY) announced that it has entered into a securities purchase agreement with APHY Holdings LLC, an entity formed by Enhanced Equity Fund, L.P., relating to the sale, in a private placement, of newly created Series A Convertible Preferred Stock and 75,000,001 shares of the Company's common stock. The financing will provide the Company with $12.0 million in new equity before expenses. The Series A Convertible Preferred Stock will be convertible into common stock at a conversion rate of $0.0102 per share. The Company will also issue other convertible preferred stock and promissory notes in exchange for certain outstanding indebtedness of the...
Source: Law & Health Weekly (2008-10-25)
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