EchoCath hopes to raise $5.5 million in offering
This article was originally published in Clinica
Executive Summary
EchoCath hopes to raise $5.5 million net by offering 1.4 million units for sale at an estimated $5 each. One unit consists of a Class A common share and two types of warrants which entitle the owner to buy common stock late in 2000. Disposables manufacturer Vital Signs, which helped set up EchoCath in 1990, will still hold a 37%-stake after the offering.