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Thursday, Aug 8
Stereotaxis plunges after announcing capital transactions, earnings
- Shares of Stereotaxis (STXS -44.1%) tumble following the company's Q2 results and capital transactions announcement.
- Summary of capital transactions: Warrants to purchase 2.5M shares at $3.361 each are exercised by convertible sub. note holders. The balance of the convertible notes are exchanged for shares and more warrants to purchase 2.5M shares for $3.361/ share. Ultimately, STXS says it "issued shares at a combined rate of $3.00 per share" and "is issuing a total of 5.2M shares" for proceeds of $8.475M. (PR)