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CARDICA (CRDC) To Offer Up to 12.2M Shares for Holders

November 2, 2009 9:11 AM EST
CRDC Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)
After the close Friday, CARDICA (Nasdaq: CRDC) filed to offer up to 12,213,128 shares of common stock on behalf of selling shareholders on Form S-3 with the SEC.

The offering includes 4,071,046 shares of common stock issuable upon the exercise of warrants held by the selling stockholders. The company is not selling any shares

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