Financings in Brief: Base Ten Systems
This article was originally published in The Gray Sheet
Base Ten Systems: Completes private placement of approximately $10 mil. principal amount of 9.01% convertible debentures. Proceeds will go toward further development of the Trenton, New Jersey firm's Pharmasyst and Pharm2 software systems for medical device and pharmaceutical product manufacturing and its uPACS ultrasound picture archiving and communication system as well as for working capital. Andrew Garrett, Inc. was agent for the placement. Having met its near term financing needs, the firm is withdrawing a registration statement filed June 19 for an offering of 2 mil. shares of Class A common stock, the firm states...
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