Helius Medical Technologies (HSDT) Prices 6.257M Share Common Offering at $0.35/Sh

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Go back to Helius Medical Technologies (HSDT) Prices 6.257M Share Common Offering at $0.35/Sh

Helius Medical Technologies Announces $2.2 Million Registered Direct Offering

March 18, 2020 8:00 AM EDT

NEWTOWN, Pa., March 18, 2020 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq: HSDT) (TSX: HSM) (Helius or the Company), a neurotech company focused on neurological wellness, announced today that it has entered into definitive agreements with healthcare focused institutional investors that provide for the purchase and sale of an aggregate of 6,257,144 shares of its Class A Common Stock, or common stock, at a purchase price of $0.35 per share in a registered direct offering, resulting in total gross proceeds of approximately $2.2 million. Helius also agreed to issue to the investors... More