Jun 17 2010
CAS Medical Systems, Inc. (Nasdaq:CASM) today announced that the Company has consummated a non-brokered private placement of its common stock with a limited group of accredited investors. The placement, for an aggregate consideration of $1,925,000, consists of 1,375,000 shares of common stock at a price of $1.40 per share.
Andrew E. Kersey, President & CEO of CASMED, commented, "This investment strengthens our balance sheet, supports our operations and provides additional funding for our planned on-going investments in the cerebral oximetry market and our other growth initiatives. I am pleased with the confidence that these investors have displayed in our Company."
Source:
CAS Medical Systems, Inc.