Skyline Medical said yesterday it closed a $2 million offering, with funds slated to support general corporate purposes. The funds were raised through the sale of 756,999 units of common stock at $2.62 per share and 5-year warrants for 756,999 shares exercisable at 6 months at $4.46 per share. Net proceeds from the round are […]
Skyline Medical
Skyline Medical wins Health Canada nod for Streamway medical fluid disposal device
Skyline Medical said today it won Health Canada approval for its Streamway medical fluid disposal device, launching it and its associated accessories in the region. The Streamway System is an automated direct-to-drain medical fluid disposal system, the Minneapolis, Minn.-based company said. Skyline Medical said that “a number of distributors” have shown interest in selling the Stremway […]
Skyline Medical pulls trigger on 1-for-25 reverse split
Skyline Medical said its board of directors approved and the company initiated a reverse stock split, effective at the close of business yesterday. The move put 1 share of Minneapolis, Minn.-based Skyline Medical in the hands of its shareholders for each 25 shares they held previously. The company’s stock began trading today on a post-split basis. […]
Skyline Medical shareholders approve reverse split
Skyline Medical said today that stockholders approved a set of proposals including a reverse stock split and doubling the number of authorized shares of common stock. The reverse stock split will be not-less than 1 for 2 shares and not more than 1 for 25 shares. Minneapolis-based Skyline has not yet decided on the exact details […]
Skyline Medical surges on JV with electronic security firm
Skyline Medical saw shares surge upwards nearly 30% after announcing a joint venture with Electronic On-Ramp, providing the company with access to bids on procurement contracts for up to $550 million or more in federal funds. The companies expect the joint venture to be in operation by the end of the year, with 51% of the […]
Skyline Medical mulls reverse split to cure stock exchange woes
Skyline Medical is considering a reverse stock split, as well as nearly doubling the amount of shares on the market in response to a letter from the Nasdaq Stock Exchange threatening to de-list the company. The Eagan, Minn.-based company will consider both options at an upcoming special meeting of stockholders in September as it looks to […]
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim | Personnel Moves May 20, 2016
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim chief exec Skyline Medical said earlier this month that prez and CEO Joshua Kornberg has stepped away from his roles at the company, and is being replaced by Carl Schwartz who will serve as interim chief executive. Prior to his time at Skyline, Schwartz served […]
Bioventus taps ex-Medtronic CEO Hawkins for chairman | Personnel Moves
Bioventus said it tapped former Medtronic (NYSE:MDT) and Immucor (NSDQ:BLUD) chief Bill Hawkins to be its new chairman, replacing Dan LeMaitre. Hawkins, who’s slated to appear at the upcoming DeviceTalks event in Raleigh, N.C., had the corner office at Medtronic from 2007 until 2011, when he took the helm at Immucor, where is he lead director. […]
Skyline Medical gets $15m from Dawson James
Skyline Medical said yesterday it acquired $15 million from a follow-on offering from new investor Dawson James Securities, floating 1.7 million shares of stock at $9 each. Each share sold in the offering consists of a common share of stock, 1 share of Series B convertible preferred stock and 4 Series A warrants, according to […]