Financings in Brief: Possis Medical
This article was originally published in The Gray Sheet
Executive Summary
Possis Medical: Expects to net $22.4 mil. from a secondary offering of 1.9 mil. shares of common stock including 160,000 shares to be offered by selling shareholders. A registration statement filed with the Securities and Exchange Commission also covers 286,500 over-allotment shares. The proceeds will augment $7.5 mil. Possis raised in a September 1994 public offering ("The Gray Sheet" Aug. 1, p. 13). Dain Bosworth and John G. Kinnard and Co. are underwriting.