Published in Pharma Investments, Ventures and Law Weekly, April 11th, 2004
In the second closing, which was completed on March 8, 2004, Avitar issued additional convertible preferred stock and warrants. Previously, Avitar raised $1,000,000 gross proceeds in the first closing held on September 30, 2003. On February 27, 2004, Avitar received shareholder approval for both transactions at a special meeting of shareholders. All of the above securities have been placed with one investor.
The securities sold in the second closing of the private placement were 1000 shares of...
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