Reuters logo
4 months ago
BRIEF-Biolase to raise $10.5 mln from institutional and individual investors in a private placement
April 13, 2017 / 10:17 AM / 4 months ago

BRIEF-Biolase to raise $10.5 mln from institutional and individual investors in a private placement

April 13 (Reuters) - Biolase Inc

* Biolase to raise $10.5 million from institutional and individual investors in a private placement

* Biolase - As per private placement, co agreed to sell 80,644 shares of a newly created series of convertible preferred stock at per share price of $124.00

* Biolase Inc - Proceeds will be used for working capital, including but not limited to new product development, launch and subsequent scale-up Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below