Mobile PET raises $6.75 million

AuntMinnie.com staff writers

Jul 31, 2002

Mobile P.E.T. Systems has raised $6.75 million in equity financing through the sale of 11.25 million shares of its common stock to two private investors. The financing also includes warrants covering approximately 3.4 million shares of common stock exercisable over a five-year period.

The financing, in addition to proceeds from the recent sale of the company’s London PET Centre, provided Mobile P.E.T. with nearly $9 million, according to the San Diego-based firm. The company used $3.8 million to redeem all outstanding series A and B preferred shares, with the balance to be used for general corporate purposes.

By AuntMinnie.com staff writers
August 1, 2002
Related Reading

Mobile PET sells London center, July 16, 2002

Mobile PET notches record Q3 revenues, April 1, 2002

Mobile PET inks deal with BUPA, April 1, 2002

Mobile PET wins multiyear Kaiser Permanente contract, January 30, 2002

Mobile PET adds 10 contracts, November 20, 2001

Copyright © 2002 AuntMinnie.com

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