Pressure BioSciences Inc. (NSDQ:PBIO) is once again comfortably in the green, having secured commitments from investors participating in a recent offering of preferred stock to purchase nearly 100,000 additional shares for $12.50 each.
Coupled with proceeds from similar purchases of preferred stock since November 2009, the South Easton, Mass.-based company has taken in just less than $1.5 million in new money and now likely has sufficient cash to fully fund development of its pressure cycling technology until another $2.3 million capital injection is slated to arrive in mid-2011.