May 3 2010
Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical" or the "Company"), a leading manufacturer of medical dressings, medical disposables and non-woven PurCotton(R) materials for the medical and consumer products industries, announced today that it closed its previously announced public offering of 1,380,000 shares of common stock.
Winner Medical received approximately $8.0 million in net proceeds from the offering, which it intends to use to expand the production capacity of its PurCotton(R) product line and for general corporate and working capital purposes.
Roth Capital Partners, LLC acted as the sole book-running manager for the public offering, and Maxim Group LLC acted as co-manager.
Source:
Winner Medical Group Inc.