Finance
Depomed announces equity financing commitment of up to $30 million
Published in Obesity and Diabetes Week, January 8th, 2007
These funds are available and may be drawn upon from time to time at Depomed's sole discretion over the next 24 months from the sales of registered common stock at a discount to the then prevailing market price. Acqua Capital Management is an advisor to Azimuth Opportunity Ltd.
"The equity line provides us financial flexibility to raise capital if needed in order to maintain a strong balance sheet," said John W. Fara, PhD, chairman, president and chief executive officer of Depomed. "This financial...
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