MRI Interventions has reached an agreement to sell a private placement of stock to a group of investors that will result in proceeds to the company of $13.3 million.
The company will sell 6.625 million units, with each unit consisting of a share of the firm's common stock and a warrant to purchase another share. The investors will pay $2 per unit.
With the funding in place, the company said it will seek to move its stock listing from the OTCQB over-the-counter exchange to a major stock exchange.
