Financings in Brief: Heartstream
This article was originally published in The Gray Sheet
Executive Summary
Heartstream: Expecting net proceeds of $32.8 mil. from an initial public offering of 3 mil. shares, the firm says in a registration statement filed with the Securities and Exchange Commission. UBS Securities, Robertson, Stephens, and Cowen & Company will underwrite the offering, expected to be priced at $12 per share. Heartstream says it anticipates using the net proceeds "to fund product introduction, to build a sales and marketing organization, for continuing research and development, for working capital and other general corporate purposes."