VSM MedTech, Ltd.
VSM withdraws public equity offering to pursue more comprehensive financing
Published in Medical Imaging Business Week, June 29th, 2006
VSM has determined that the public offering it was pursuing would not provide VSM with the longer-term stability it requires as it deals with the clinical evolution of the magnetoencephalography (MEG) market.
VSM has entered into serious discussions with a merchant bank for a more comprehensive financing. These discussions are based on the potential that the merchant bank may provide VSM with a multi-faceted financing involving equity, a multi-year credit facility and other financial opportunities. If...
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