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Home » BioSig Technologies announces $3M offering

BioSig Technologies announces $3M offering

March 22, 2022 By Sean Whooley

BioSig TechnologiesBioSig Technologies (Nasdaq:BSGM) announced today that it entered into a definitive purchase agreement to sell $3 million in common stock.

Westport, Connecticut-based BioSig agreed to sell $3 million in common stock and warrants in the agreement led by a family office with expertise in small-cap emerging growth investing.

Under the agreement, BioSig will issue 2,611,739 shares of its common stock at a price of $1.15 per share and warrants to purchase 2,611,739 shares of the company’s common stock at $1.40 per share.

According to a news release, BioSig, which develops a biomedical signal processing platform for electrocardiogram (ECG) and intra-cardiac signals, expects the offering to close on or about March 23. Proceeds are earmarked to fund working capital and continue commercialization activities related to its Pure EP system.

BioSig said the funding, combined with existing capital, should constitute sufficient operating capital for the company to execute its current business plan.

Filed Under: Business/Financial News, Cardiovascular, Diagnostics, Featured, Funding Roundup, Patient Monitoring Tagged With: BioSig Technologies

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About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

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