Navigation Links
Vycor Medical, Inc. Completes Final Close on Equity Capital Raise
Date:8/4/2011

BOCA RATON, Fla., Aug. 4, 2011 /PRNewswire/ -- On August 4, 2011, Vycor Medical, Inc. ("Vycor" or the "Company") completed the sale of $660,000 in Units comprising Preferred Shares and Warrants (the "Units") to accredited investors (the "Investors"), (the "Preferred Offering"). The Units were issued pursuant to the terms of separate Series C Convertible Preferred Stock Purchase Agreements between the Company and each of the Investors. This sale is the Final Closing of the Preferred Offering, which taken together with the previous closings in June bring the total raised under the Preferred Offering to $3,000,000.

Each Unit was priced at $50,000.00 and comprised one share of Series C Preferred Convertible Stock convertible (at the Holder's option or mandatorily upon the occurrence of certain events) into 2,222,222 shares of the Company's Common Stock ($0.0225 per share) and a Warrant to purchase 1,111,111 shares of the Company's Common Stock at $0.03 per share (subject to adjustments) for a period of three (3) years. A total of 60 shares of Series C Convertible Preferred Stock convertible into 133,333,324 shares of the Company's Common Stock and Warrants to purchase 66,666,666 shares of the Company's Common Stock were issued in the Preferred Offering.

Prior to undertaking the Preferred Offering, Vycor had raised a total of $745,000 in Common Stock units, comprising 2 shares of Common Stock and a Warrant to purchase 1 share of Common Stock (the "Common Offering"), at the same price terms as the Preferred Offering. The total proceeds under the Preferred and Common Offerings are $3,745,000. The total issuance under the Preferred and Common Offerings are: Preferred Stock 60 shares (convertible into 133,333,324 shares of Common Stock); Common Stock 33,111,108 shares; Warrants 83,222,221.

The proceeds of the sale of the Units will be used for working capital and general corporate purposes. A portion of the
'/>"/>

SOURCE Vycor Medical, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Vycor Medical, Inc. Completes Equity Capital Raise
2. Vycor Medical, Inc. Announces Alvaro Pascual-Leone, MD, PhD as Head of the Strategic Advisory Board of its NovaVision, Inc. Subsidiary
3. Prescient Medical, Inc. Acquires New Technology to Detect Inflammation in Coronary Blood Vessels
4. Prescient Medical, Inc. Achieves Successful Clinical Debut of vProtect(TM) Luminal Shield
5. China Sky One Medical, Inc. Announces 26 New Drugs in Clinical Trials
6. China Sky One Medical, Inc. Achieves Significant Breakthrough in Research for Sudden Cardiac Death (SCD) Early Examination Kit
7. New Study Shows that Prebiotics, as Used by Jackson GI Medical, Increases Lifespan by 33%
8. Luminous Medical, Inc. Secures Exclusive Rights to Glucose Sensor for Its Automated Glucose Monitor
9. Cardiva Medical, Inc. Announces the Departure of its President and his Appointment as CEO of Innovative Energy, Inc.
10. Tenaxis Medical, Inc. Announces Completion of the Enrollment Phase of Their Pivotal Study
11. China Sky One Medical, Inc. Completes and Moves into New Corporate Headquarters
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/3/2015)... , June 02, 2015 Research and ... of the "Global Neurodegenerative Diseases Market 2015-2019" ... global neurodegenerative diseases market to grow at a ... This report covers the present scenario and ... market for the period 2015-2019. To calculate the ...
(Date:6/3/2015)... PillPack, the pharmacy that simplifies medication management, today announced ... led by CRV with participation from Accel Partners, Atlas ... be used to fuel growth, accelerate the hiring of ... markets. "In the last two years, we,ve ... folks absolutely love," says TJ Parker, PharmD, CEO of ...
(Date:6/3/2015)... Calif. , June 3, 2015  Armetheon, ... molecule drugs for cardiovascular diseases, today announced that ... been appointed Chief Executive Officer, effective immediately. Dr. ... in global, high-growth enterprises, with a successful track ... of human health. With expertise that includes the ...
Breaking Medicine Technology:Global Neurodegenerative Diseases Market 2015-2019 - Reformulation of Marketed Drugs 2PillPack Raises $50 Million to Build Retail Footprint and Accelerate Growth 2PillPack Raises $50 Million to Build Retail Footprint and Accelerate Growth 3Armetheon Names Dr. Sanjay Kakkar as Chief Executive Officer 2Armetheon Names Dr. Sanjay Kakkar as Chief Executive Officer 3Armetheon Names Dr. Sanjay Kakkar as Chief Executive Officer 4
(Date:6/3/2015)... June 03, 2015 Hexagon Geospatial is ... winner of its 2015 U.S. Education Challenge, which showcases ... a college or university in the U.S. , ... focused on Remote Sensing and Civil Engineering at the ... “Pavement Surface Cracks Detection and Assessment Based on Hyper-spatial ...
(Date:6/3/2015)... 03, 2015 Loma Linda University Health ... with San Gorgonio Memorial Hospital (SGMH). The SGMH board ... May 28. , “Loma Linda University Health has been ... Heinrich, chief executive officer, Loma Linda University Medical Center. ... our services to this community.” , Under the ...
(Date:6/3/2015)... NJ (PRWEB) June 03, 2015 ... across platforms and devices, announced today that it has ... in Collaboration and Content. The company was honored among ... demonstrating excellence in innovation and implementation of customer solutions ... Microsoft Partner of the Year Awards – including the ...
(Date:6/3/2015)... Baltimore, MD (PRWEB) June 03, 2015 ... firm that transforms businesses with technology, announced today that ... Officer. Mr. Dodge joins The Canton Group ... on years of successful customer engagements. , Tim is ... marketing functions for a variety of technology companies. Before ...
(Date:6/3/2015)... June 03, 2015 The National Resident ... that Maria C. Savoia, M.D., Dean of Medical Education at ... will become Chair on July 1. , “It ... the National Resident Matching Program,” said Dr. Savoia. “NRMP’s ... for matching medical students with training programs, and I welcome ...
Breaking Medicine News(10 mins):Health News:Hexagon Geospatial Announces U.S. Education Challenge Winner at HxGN Live 2015 2Health News:Loma Linda University Health and Adventist Health Enter into Exclusive Affiliation Negotiations with San Gorgonio Memorial Hospital 2Health News:AvePoint Wins 2015 Microsoft Partner of the Year Award for Collaboration and Content 2Health News:AvePoint Wins 2015 Microsoft Partner of the Year Award for Collaboration and Content 3Health News:The Canton Group Appoints Tim Dodge as Chief Marketing Officer 2Health News:NRMP Board of Directors Elects New Leadership and Members at its May 2015 Meeting 2Health News:NRMP Board of Directors Elects New Leadership and Members at its May 2015 Meeting 3Health News:NRMP Board of Directors Elects New Leadership and Members at its May 2015 Meeting 4
... The former director of information technology for a ... guilty plea to intruding into her former employer,s computer ... A. Breuer, acting U.S. Attorney Tim Johnson and FBI ... a hearing before U.S. District Judge David Hittner, Danielle ...
... Aranesp, experts say, , , THURSDAY, April 30 (HealthDay News) ... such as Procrit and Aranesp, often used by cancer ... of death and serious adverse events such as blood ... also been associated in prior studies with increased risk ...
... Zealand, April 30 As the world mourns the deaths ... outside of Mexican soil, the World Health Organization has raised ... being confirmed in California, Texas, New York, Maine and Massachusetts, ... New Zealand, people all over the globe are beginning to ...
... As an expectant mother, her first official Mother,s Day doesn,t ... Here are four unique ideas to make this Mother,s Day unforgettable ... rest, this can be a vexing time. She knows it ... off her feet, but she is still very aware that laundry ...
... A new poll by the Pew Research Center,s Forum ... Catholics who have heard about the issue support President ... divisions exist between the most-observant Catholics and those who ... over their assessment of Obama,s job performance.Conducted from April ...
... April 30 Cadence ... company focused on in-licensing, developing and commercializing proprietary product ... announced that it will release its first quarter ended ... on Thursday, May 7, 2009. Cadence management will host ...
Cached Medicine News:Health News:Computer Administrator Pleads Guilty to Hacking Former Employer's Computer System 2Health News:Anemia Drugs May Raise Death Risk in Cancer Patients 2Health News:Anemia Drugs May Raise Death Risk in Cancer Patients 3Health News:Anemia Drugs May Raise Death Risk in Cancer Patients 4Health News:All Natural System Sweeps Swine Flu Out with the Trash 2Health News:Four Unique Gifts for Expectant Moms Includes New Technology That Enhances Pre-Natal Bonding 2Health News:New Poll on Obama, Catholics and the Notre Dame Commencement Finds Deep Divisions Among Catholics 2
... Flextend lead is a ... with an extendable/retractable active-fixation ... design offers various lead ... implantation in the atrium ...
... leads are implantable bipolar extendable/retractable screw-in ... either the atrium or the ventricle. ... be extended or retracted by turning ... contains an anti-chattering mechanism for steady ...
Used with permanent pacing leads....
... Tupos LA, the only ICD system in ... the first implant for the treatment of ... a lasting improvement of their hemodynamics and ... LA uses biatrial stimulation to effectively suppress ...
Medicine Products: