Three-dimensional-software developer Vital Images will sell 1.5 million shares of its common stock at $13.50 per share to eight accredited institutional investors. The Plymouth, MN-based firm expects to net approximately $19 million from the transaction, which is scheduled to close on or before June 4. President and CEO Jay Miller said the funds would give the firm flexibility to expand its business through acquisition or other opportunities as they arise.
By AuntMinnie.com staff writersJune 3, 2003
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