Electrophysiology device developer EP MedSystems of West Berlin, NJ, said it has raised approximately $4.5 million through the sale of 1.5 million shares of its common stock in a private placement with selected institutional investors through C.E. Unterberg, Towbin.
The net proceeds from this limited offering will be used to fund the continued growth of new products and provide short- and long-term working capital for EP MedSystems, according to the firm.
By AuntMinnie.com staff writers
December 16, 2004
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EP MedSystems shows downturn for 2003, March 12, 2004
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