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:8/27/2014)... Aug. 27, 2014 Reportlinker.com announces that ... its catalogue: Global Orthopedic Soft Tissue ... http://www.reportlinker.com/p02316671/Global-Orthopedic-Soft-Tissue-Repair-Devices-Market-2014-2018.html About Orthopedic Soft ... mass of cells that connect, support, or surround ... tissues such as tendons, ligaments, cartilage, fascia, and ...
(Date:8/27/2014)... Aug. 27, 2014  Decision Resources Group finds ... oncology, hematology-oncology, rheumatology, gastroenterology, endocrinology and nephrology) expect ... a biosimilar has been assessed in to be ... choose to prescribe. Other key ... Acceptance of Biosimilars Across Physician Specialties ...
(Date:8/27/2014)... , Aug. 27, 2014 Decision Resources Group ... the Memphis health system and ... clinical integration, with rivals Methodist Le Bonheur Healthcare and ... groups to coordinate patient care. In addition, a national ... the most health plan enrollment in the ...
Breaking Medicine Technology:Global Orthopedic Soft Tissue Repair Devices Market 2014-2018 2Global Orthopedic Soft Tissue Repair Devices Market 2014-2018 3Global Orthopedic Soft Tissue Repair Devices Market 2014-2018 4Global Orthopedic Soft Tissue Repair Devices Market 2014-2018 5Surveyed Physicians Expect to Choose Between Future Biosimilars Based on Robustness and Number of Clinical Trials 2Memphis-area Health Systems Turn Attention to Clinical Integration 2
... Must for Clinical Trials Management, WASHINGTON, ... Centers (AAHC) today launched a new Clinical ... center leaders,research administrators, and chief compliance officers ... for the,research enterprise, particularly to manage and ...
... and limited launch in Italy continue, FRANKLIN, Mass., ... announced today that it will defer the commencement of ... prevention of,Contrast-Induced Nephropathy (CIN). The company continues to support ... well,as the limited market launch of RenalGuard in Europe, ...
Cached Medicine Technology:New AAHC Toolkit Available to Optimize Clinical Research Administration 2PLC Systems Defers Pivotal Study of RenalGuard(TM) in the U.S. 2PLC Systems Defers Pivotal Study of RenalGuard(TM) in the U.S. 3PLC Systems Defers Pivotal Study of RenalGuard(TM) in the U.S. 4PLC Systems Defers Pivotal Study of RenalGuard(TM) in the U.S. 5
(Date:8/27/2014)... 27, 2014 Today, Zane Benefits, the ... compliance tips for administering a premium reimbursement plan. ... full effect, compliance is top of mind for employers, ... individual health insurance and premium reimbursement, there are important ... the 35 minute webinar, Zane Benefits President, Rick Lindquist, ...
(Date:8/27/2014)... Recently, iFitDress.com, a professional company of women’s ... of romantic bridal gowns . To top it ... (up to 66 percent off) when buying the company’s ... has been updated with these new items. All its ... that all clients can gain an enjoyable shopping experience ...
(Date:8/27/2014)... (PRWEB) August 27, 2014 New Jersey’s ... at The Ridgewood County Club during The Barclays – ... in each of the tournament’s four rounds, stepped his ... Horizon Blue Cross Blue Shield of New Jersey (Horizon ... Hoffmann, a Wyckoff native playing before family and friends ...
(Date:8/27/2014)... Young adults who struggled with depression in adolescence appear ... reporting. The findings might improve understanding of depression ... and treat the illness, according to the University of ... scans on 30 volunteers, ages 18 to 23, who ... group of 23 young adults who never had depression. ...
(Date:8/27/2014)... August 27, 2014 Michigan Head & Neck ... children of a local elementary school by ensuring they have ... School has year-round attendance, and Michigan Head & Neck Institute ... the new school year. , "There are a lot of ... a great way to give back to our community," said ...
Breaking Medicine News(10 mins):Health News:Zane Benefits Announces Upcoming Webinar on Compliance 2Health News:Promotion For Romantic Bridal Gowns Launched By Professional Company iFitDress.com 2Health News:Morgan Hoffmann, PGA TOUR Pro & Wyckoff Native, golfs and walks his way to top 10 finish at The Barclays while raising additional $7,500 for charity 2Health News:Study: Young Adults Who Had Depression Have 'Hyper-Connected' Brain Networks 2Health News:Michigan Head & Neck Institute is Conducting Their 2nd Annual School Supplies Drive at Their Facility to Benefit Local Year-Round Elementary School Students 2
... people, animals, and our environment has created a new ... inextricably and globally interconnected, without borders. It is against ... multidisciplinary effort to attain optimal health of humans, animals ... a session at the annual meeting of the American ...
... becomes more common. Swedish scientist Laura Fratiglioni has shown that ... Factors from blood pressure and weight to the degree of ... gets older. The lengthening of the average life span ... of aging related disorders, one of which is cognitive impairment ...
... researchers generally credit the desire for smaller families for the ... suggests that prevention of unwanted births may actually be a ... birth control means that people have better control of when ... the Initiative in Population Research at Ohio State University. ...
... This release is available in French . ... continues to spread in cities around the world. Vanier Canada ... between cities, water and health at the THINK CANADA Press ... (AAAS) conference Sunday. Mulligan is a PhD student at ...
... more time to conduct in overweight and obese patients ... at Hospital for Special Surgery in New York. The ... Orthopaedic Surgeons annual meeting, held Feb. 15-19 in San ... scheduling surgeries, operating room utilization and personnel staffing, and ...
... developed an optical technology that provides unprecedented images under ... to detect and examine skin lesions to determine whether ... the suspected tumor out of the skin and analyze ... roughly one-foot-long cylindrical probe is placed in contact with ...
Cached Medicine News:Health News:One Health: From ideas to implementation, rhetoric to reality 2Health News:One Health: From ideas to implementation, rhetoric to reality 3Health News:One Health: From ideas to implementation, rhetoric to reality 4Health News:Look after your brain 2Health News:Family planning programs have success in developing countries, but need to be expanded 2Health News:Family planning programs have success in developing countries, but need to be expanded 3Health News:Is the link between poverty and water-related disease making rich people sick? 2Health News:Knee replacement surgeries take more time, are more costly in overweight individuals 2Health News:Knee replacement surgeries take more time, are more costly in overweight individuals 3Health News:A new high-resolution method for imaging below the skin using a liquid lens 2
Enzyme Immunoassay of Tissue Plasminogen Activator Antigen by ELISA Method, 96 tests....
Citrated human plasma for the calibration of vWF assays by the immuno-turbidimetric method on STA© analyzers.(STA© Liatest© vWF #0518)....
Heparin-Platelet Factor 4 Induced Antibody...
Control Plasma for Assays of Low MolecularWeight Heparins (LMWH) using Anti-Xa Method on STA© Analyzers....
Medicine Products: