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Financings in Brief: Voxel

This article was originally published in The Gray Sheet

Executive Summary

Voxel: Files registration statement with SEC for a proposed 2.3 mil. share public offering, net proceeds from which will be used to support "completion of development of the Digital Holography System, for expansion of marketing and sales activities for the system through 1997, to finance revenue growth and the accompanying increases in inventory and accounts receivable, and for general corporate purposes and working capital," the firm says. Laguna Hills, California-based Voxel received 510(k) clearance from FDA last fall for its Digital Holography system, which includes a camera, a light box, and film that interface with CT and MR scanners "to produce `three dimensional x-rays,'" the firm says. Cruttenden Roth Incorporated will underwrite the offering...

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