Breast MRI developer Aurora Imaging Technology has completed a $3 million preferred stock offering, and concurrently converted approximately $7.7 million of existing debt into preferred stock and common stock.
The equity funding and debt conversion, led by existing shareholders, resulted in an increase in equity of approximately $10.7 million, according to the North Andover, MA-based firm.
By AuntMinnie.com staff writers
January 6, 2005
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