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Financings in Brief: Premier Laser

This article was originally published in The Gray Sheet

Executive Summary

Premier Laser: Receives more than $20 mil. in proceeds from the exercise of publicly traded Class A and Class B warrants. To cover the exercise of 1.5 mil. Class A warrants and 1.3 mil. Class B warrants, Premier issues about 2.8 mil. shares of Class A common stock. Redemption of the warrants followed FDA's May 6 clearance of Premier's Centauri laser system for hard tissue dental applications ("The Gray Sheet" May 12, I&W-1). Proceeds will provide working capital to support "the ramp in manufacturing, inventory and deliveries," the firm says...

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