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Cardica gets $11.9mm through private financing
17 Jul 2007
Executive Summary
Cardica (develops and manufactures automated anastomosis systems used in CABG procedures) has raised $11.9mm through the private placement of units consisting of one common share and a warrant to buy 0.25 of a share at $5.16 apiece (about market average). Participating accredited investors, which included Sutter Hill Ventures, Wasatch Advisors, and Allen & Co., bought 2.3mm shares and warrants to buy an additional 575k shares at $5.65 each. AG Edwards and Allen & Co. were the placement agents.
Deal Industry
- Medical Devices
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Medical Devices
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Surgical Equipment & Devices
- Minimally or Less Invasive
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Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Financing
- Private Placement
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Cardica gets $11.9mm through private financing
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