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-0.0131578947368421 -0.0263157894736841 -0.0263157894736841 -0.0263157894736841 -0.031578947368421 -0.0236842105263158 -0.031578947368421 -0.0342105263157893
Stock impact report

iCAD, Inc. Announces $7.0 Million Private Placement of Unsecured Subordinated Convertible Debentures

icad inc. (ICAD) 
Last icad inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: icadmed.com/financial-news-and-events.html
Company Research Source: GlobeNewswire
NASHUA, N.H., Dec. 20, 2018 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a  global medical technology company providing innovative cancer detection and therapy solutions, today announced that it has entered into definitive agreements to sell unsecured subordinated convertible debentures, due three years following issuance, to certain institutional and accredited investors, including participation by all directors and executive officers of iCAD, in a private placement with gross proceeds of approximately $7.0 million.  iCAD expects to close the sale of the debentures on or about December 21, 2018, subject to the satisfaction of customary closing conditions. With the recent U.S. FDA clearance of ProFound AI for mammography, a high-performance, cancer detection AI technology, the company will have added funds to bolster its commercial capability in what is a substantial addressable market. Improved detection, along a significant reduction in reading time, makes iCAD’s newly cleared Show less Read more
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