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Rita Medical Systems closes $11mm private placement

Executive Summary

Rita Medical Systems (radiofrequency ablation devices) has netted $11mm with the private placement of 4.4mm common shares priced at $2.75 each (about the market average) to institutional and accredited investors. Lead investors SF Capital and BayStar were joined by Walker Smith Capital and Capital Ventures International. The backers also received warrants to buy another 3.3mm common shares at $4. Wells Fargo Securities acted as placement agent.
Deal Industry
  • Medical Devices
    • Implantable Devices
    • Infusion Therapy Equipment and Supplies
    • Radiofrequency Devices
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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