PLC Systems Raises $5.5M in APO with Viveve, Inc.

PLC Systems Inc. (PLCSF) announced that it has raised $5,500,000 in a Common Stock transaction. The common stock was sold at $0.53 per share. A series of 861,831 60-Month Warrants with an exercise price of $0.53 per share was issued to the investors in this transaction. Note that a total of $6,000,000 was originally sold in this Placement, $500,000 of which was funded through the conversion of outstanding debt. Note that concurrently with this Placement, the Company completed a reverse merger with Viveve, Inc.

via PlacementTracker.