Published in Medical Devices and Surgical Technology Week, March 2nd, 2003
The terms of the financing included the sale of 1.4 million shares of common stock at a price of $1.25 per share; no stock warrants or other securities were issued. The company completed this financing without the use of an investment-banking firm, saving the company considerable expense.
Anchoring the financing was Heartland Advisors of Milwaukee, Wisconsin. Heartland purchased 800,000 shares of Medwave stock for their Heartland Value Fund, (HRTVX).
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