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Article: SafeStitch Medical Announces $4 Million Funding Commitment.
- Article from:
- Business Wire
- Article date:
- July 23, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI -- SafeStitch Medical, Inc. (OTCBB:SFES) today announced that it has entered into two stock purchase agreements with private investors, pursuant to which SafeStitch may issue an aggregate of up to four million shares of the Company's newly-designated 10% Series A Cumulative Convertible Preferred Stock, par value $0.01, at a price of $1.00 per share. The Company closed on the sale of two million shares in a private transaction for aggregate proceeds of $2 million on July 22, 2009, and SafeStitch may elect, in its sole discretion, to issue an additional two million shares on or before June 30, 2010. Shares issued pursuant to the agreements, including the shares of the ...
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Article: SafeStitch Medical, Inc. Announces FDA Approval to ...
Business Wire;
February 17, 2009 ;
700+ words
...MIAMI -- SafeStitch Medical, Inc. (OTCBB ... has approved the Company's 510(k) application ... procedures." About SafeStitch Medical, Inc. Miami-based SafeStitch Medical, Inc. is a medical device company primarily developing ...
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