Published in Obesity and Diabetes Week, June 21st, 2004
The investment round was led by MedCap Management and Research LLC. Dawson James Securities through ViewTrade Financial acted as exclusive financial advisor to, and as sole placement agent for, Vista Medical.
The company sold 5,454,544 units of its securities for $0.85 per unit, each unit consisting of one share of common stock and one warrant to purchase one-half share of common stock, for aggregate gross proceeds of approximately $4.6 million or $4.1 million net of expenses.
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