Watermark Medical has raised $3.3 million in a new round of debt financing, according to an SEC filing posted this week.
The company is looking to raise an additional approximate $1.8 million in the round, hoping to bring the total raised up to $5 million.
Watermark Medical said that the offering amount also includes a 2% commitment fee to be retained by each investor, according to an SEC filing.
The company has not yet said how it plans to spend the funds raised in the round.