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Rita Medical sells $9mm of stock to institutional investors

Executive Summary

Rita Medical Systems, a company that makes and sells radiofrequency-emitting devices to kill cancerous tumors, sold $9mm worth of its common stock to a group of institutional investors. It sold 2.04mm common shares at $4.40 each, a 20% discount to the market average price.
Deal Industry
  • Medical Devices
    • Radiofrequency Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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