Cabg Medical (NASDAQ:CABG)
Historical Stock Chart
From Jul 2019 to Jul 2024
CABG Medical, Inc. Announces Exercise of Over-Allotment Option
MINNEAPOLIS, Jan. 14 /PRNewswire-FirstCall/ -- CABG Medical, Inc.
(NASDAQ:CABG) announced today that the underwriters of the company's recent
initial public offering of its common stock have exercised in full their
over-allotment option to purchase an additional 825,000 shares of the company's
common stock at a price of $5.50 per share, before deducting underwriting
discounts and commissions.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050114/CGF013LOGO )
Feltl and Company and Ladenburg Thalmann & Co. Inc. served as co-managers of
the offering. A copy of the final prospectus may be obtained by contacting
Feltl and Company at 225 South Sixth Street, Suite 4200, Minneapolis, Minnesota
55402 or Ladenburg Thalmann & Co. Inc. at 590 Madison Avenue, New York, New
York 10022.
A registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on December 7, 2004. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.
CABG Medical, Inc. is a medical device company developing drug-eluting
technologies and therapies to improve the treatment of coronary heart disease,
or CHD, by advancing conventional bypass surgery. We have designed our first
product, the Holly Graft System, by leveraging our understanding of flow
dynamics, material sciences and drug combinations to create a drug-eluting
coronary graft system.
http://www.newscom.com/cgi-bin/prnh/20050114/CGF013LOGO
http://photoarchive.ap.org/
DATASOURCE: CABG Medical, Inc.
CONTACT: Manny Villafana, Chairman & CEO, or John L. Babitt, President &
COO, both of CABG Medical, Inc., +1-763-258-8005, or fax, +1-763-258-8008
Web site: http://www.cabgmedical.com/