Magnetic source imaging developer 4-D Neuroimaging has restructured its debt and raised additional working capital. As part of a private placement of equity, the San Diego-based firm has retired approximately $10.6 million in debt.
In addition, Swisspartners, one of 4-D Neuroimaging's principal shareholders, has invested an additional $2 million in cash through the purchase of additional common stock. As a result of the private placement and debt restructuring, 4-D Neuroimaging has issued a total of approximately 59.5 million shares of common stock, representing approximately 41% of its outstanding voting securities.
By AuntMinnie.com staff writersMay 7, 2001
Related Reading
4-D revenues climb in Q1, February 23, 2001
4-D Neuroimaging revenues surge, but loss widens, January 19, 2001
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