Edap (EDAP -8.3%) plunges after announcing a registered direct placement of $12M in shares at $4...

|About: EDAP TMS S.A. (EDAP)|By:, SA News Editor

Edap (EDAP -8.3%) plunges after announcing a registered direct placement of $12M in shares at $4 each with attached warrants for up to 1.5M additional shares at an exercise price of $4.25. Today's losses erase strong gains posted Monday on the back of positive data from a long-term study of HIFU therapy. (PR)