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Stock impact report

PAVmed Receives $6.3 Million in Gross Proceeds from Completion of November 2019 Financing

PAVmed, Inc (PAVM)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.pavm.com
PDF NEW YORK, March 31, 2020 (GLOBE NEWSWIRE) -- PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the “Company” or “PAVmed”), a highly differentiated, multiproduct medical device company, today announced it has received $6.3 million in new gross proceeds from the prepayment of promissory notes issued in conjunction with a previously disclosed November 2019 private placement (the “Financing”). Maxim Group LLC acted as financial advisor to PAVmed in this transaction. On November 4, 2019, the Company consummated a $14 million private placement of senior secured convertible notes to two institutional investors (the “Investors”). The Financing generated $6.3 million in gross cash proceeds in exchange for the issuance of Series A Senior Secured Convertible Notes (the “Series A Notes”) and the delivery of $7 million in secured promissory notes (the “Investor Notes”) in exchange for the issuance of Series B Senior Secured Convertible Notes (the “Series B Notes”). On March 30, 2020, the Investors pr [Read more]
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