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Sparta Surgical

This article was originally published in The Gray Sheet

Executive Summary

Pleasanton, California-based surgical and electrotherapy products manufacturer files a registration statement for a public offering of 1,250,000 units, each consisting of four shares of common stock and three Series B redeemable common stock purchase warrants. Net proceeds from the offering will be used for repayment of debt, purchase of equipment, research and development expense, marketing expenses and working capital, the company says. Coleman and Company Securities is the managing underwriter
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