New Issue: MiMedx Group concludes $1.34 million private placement of common shares

By Devika Patel

Knoxville, Tenn., Dec. 21 - MiMedx Group, Inc. settled a $1.34 million private placement of stock on Dec. 18, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 2,234,667 common shares at $0.60 apiece.

Investors also received warrants for 1,117,333 shares. Each warrant is exercisable at $1.50 for five years.

MiMedx is a Destin, Fla., developer of biomaterial-based products for use in the musculoskeletal specialties.

Issuer:	MiMedx Group, Inc.
Issue:	Common stock
Amount:	$1,340,800
Shares:	2,234,667
Price:	$0.60
Warrants:	For 1,117,333 shares
Warrant expiration:	Five years
Warrant strike price:	$1.50
Settlement date:	Dec. 18
Stock symbol:	OTCBB: MDXG
Stock price:	$0.70 at close Dec. 18
Market capitalization:	$31.1 million

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