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Financings in Brief: Dental/Medical Diagnostic Systems, Inc.

This article was originally published in The Gray Sheet

Executive Summary

Dental/Medical Diagnostic Systems, Inc.: Files with SEC for secondary offering of 1.5 mil. shares of common stock and 1.5 mil. redeemable warrants with an exercise price of $5. Anticipated net proceeds of $6 mil. include $2 mil. tabbed for debt repayment, $1.3 mil. for new product development, $1.3 mil. for possible acquisitions and joint ventures, and $1.4 mil. for working capital and general corporate purposes. The Westlake Village, California-based firm makes the TeliCam intraoral camera system and InTELInet dental office networking system for use with the TeliCam. M.H. Meyerson & Co. is underwriter for the offering...
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