PAVmed (PAVM) Prices Additional $8.1 Million Common Stock Registered Direct Offering

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Go back to PAVmed (PAVM) Prices Additional $8.1 Million Common Stock Registered Direct Offering

PAVmed Announces Pricing of Additional $8.1 Million Common Stock Registered Direct Offering

December 18, 2020 9:29 AM EST

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the Company or PAVmed), a highly differentiated, multi-product, commercial-stage medical device company, today announced it has entered into agreements for the sale of approximately 5.1 million shares of common stock in a registered direct offering with predominantly existing institutional investors at a price of $1.60 per share for gross proceeds of $8.1 million.

The estimated net proceeds to PAVmed from the registered direct offering are expected to be approximately $7.4 million after deducting the placement agents fees and other estimated offering expenses. The offering is expected to close on or... More