Aspyra Raises $4.5 Million in Private Placement

0

Calabasas-based Aspyra, Inc. said Thursday that it had raised $4.5 million through a private placement of its common stock with a group of accredited investors.


Under the terms of the agreement, which was effective May 4, investors received 2,250,000 shares of common stock and 1,350,000 warrants, said the provider of clinical and diagnostic information systems for the healthcare industry. The per unit purchase price was $2, and the exercise price under the warrants is $3 per share.


The funds will be used for completion of the integration plan associated with the company’s recent merger, marketing, and general working capital purposes.


Aspyra shares rose 10 percent to $2.15 on Thusday.


“The capital infusion will provide funding to help ensure the successful execution of our strategic integration plans associated with our recent merger with StorCOMM, Inc., and to accelerate the marketing of our new products,” said Chief Executive Steven Besbeck in a statement.

No posts to display