2023-07-03 08:03:57 ET
- Medical technology company Xtant Medical Holdings ( NYSE: XTNT ) said on Monday that it is set to launch a $15M private placement of shares.
- The company has entered into a securities purchase agreement with accredited investors for the transaction.
- XTNT has agreed to issue an aggregate of 20M shares at $0.75 per share.
- The net proceeds are expected to be used for working capital and other general corporate purposes.
- The private placement is expected to close on or about July 6.
- XTNT shares were trading -2.25% pre-market.
- Source: Press Release
For further details see:
Xtant Medical to launch $15M private placement of shares