Hyperthermia and ablation system developer BSD Medical plans to raise $5.2 million via institutional investors.
The company is selling 5.5 million shares of its common stock, as well as warrants for 4.4 million additional shares. The warrants will be able to be used six months and one day after the closing, with a term of five years and a price of $1.10 per share.
The offering is expected to close on or near July 1, according to the firm, and is being handled by Maxim Group.
