Cambridge Heart issues $962,000 warrant call

May 6, 2010 by MassDevice staff

Cambridge Heart Inc. issues a warrant call for $962,000 worth of warrants it issued last year as part of a Series D financing round.

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Cambridge Heart Inc. (OTC:CAMH) issued a call for nearly $1 million worth of long-term warrants it issued last year as part of a Series D funding round.

The Tewksbury, Mass.-based heart test maker said it would net $754,000 if all holders of the warrants for 6,775,611 shares exercise them at their 14.2 cent share price. Cambridge Heart already pulled in $208,000 from the exercise of some of the warrants.

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