CASMED brings in $1.9 million in private stock sale
June 16, 2010 by MassDevice staff
CAS Medical Systems Inc. completes private placement of common stock for nearly $2 million.
CAS Medical Systems Inc. (NSDQ:CASM) closed a sale of $1.9 million worth of common stock to a private group of investors.
The Branford, Conn.-based device maker brought in $1.9 million with the sale of nearly 1.38 million shares of stock at $1.40 per share.
In addition to supporting the company's operations, the new capital will fund its planned investments in the cerebral oximetry market, CASMED said in a press release.
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