Magna-Lab
This article was originally published in The Gray Sheet
Executive Summary
Magnetic resonance imaging device developer nets approximately $4.7 mil. from recently completed oversubscribed initial public offering. Underwritten by D.H. Blair, the offering involved the sale of 1 mil. units at $6 per share; each unit consisted of one share of Class A common stock, one redeemable Class A warrant and one redeemable Class B warrant. The Hicksville, New York-based firm filed a registration statement last December proposing an offering of 833,000 units ("The Gray Sheet" Jan. 18, I&W-3).