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Catasys wraps another $500,000 of $2.29 million convertibles placement
Company issues notes with warrants to Socius Capital, David E. Smith
By Devika Patel
Knoxville, Tenn., Dec. 14 - Catasys, Inc. completed a $500,000 tranche of a private placement of secured convertible promissory notes and warrants with Socius Capital Group, LLC and David E. Smith on Dec. 8, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal has raised $2.29 million since August.
Socius has invested $3.5 million in the company since November 2010, and Smith has invested $3 million.
The healthcare services management company is based in Los Angeles.
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