By Sheri Kasprzak
Atlanta, March 22 - Chindex International Inc. said it has raised $6.5 million in a private placement of stock.
The company sold 1,080,397 shares at $6.02 each to accredited investors.
The investors will also receive warrants for 378,137 shares at $9.10 each for five years.
Oppenheimer & Co. Inc. was the placement agent in the deal.
Based in Bethesda, Md., Chindex is healthcare products distribution company serving the People's Republic of China. The proceeds from the deal will be used to repay vendor financing. The remainder will be used for working capital.
| Issuer: | Chindex International Inc.
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| Issue: | Stock
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| Amount: | $6.5 million
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| Shares: | 1,080,397
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| Price: | $6.02
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| Warrants: | For 378,137 shares
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| Warrant expiration: | Five years
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| Warrant strike price: | $9.10
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| Placement agent: | Oppenheimer & Co. Inc.
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| Announcement date: | March 22
|
| Stock price: | $7.38 at close March 21
|
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