Intraoperative radiation therapy (IORT) developer Intraop Medical reported that it has raised $4.5 million through investments made by institutional investors.
The Santa Clara, CA-based firm said it has issued $2.5 million of 7% convertible debentures and $2 million of 10% senior secured debentures to investors. Under the terms of the agreement, the investors have been granted five-year warrants to purchase approximately 5.625 million shares of Intraop Medical common stock, the company said.
In addition, convertible debenture buyers have also been granted additional warrants to purchase approximately 3.125 million shares of common stock within the next year.
By AuntMinnie.com staff writers
September 1, 2005
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Intraop nets $3 million in financing, August 19, 2005
Intraop system to be used in lung cancer study, November 12, 2004
European IORT lung study to start, October 4, 2004
Intraop receives Spanish order, April 26, 2004
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