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Biotech / Medical : Cardiac Science Inc. DFIB (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: wolfdog2 who wrote (35)11/28/2001 6:20:38 AM
From: Marc Phelan  Read Replies (1) | Respond to of 174
 
Wolf,

Seems you were "almost" exactly right.
Now they have cash!

biz.yahoo.com

"Cardiac Science Completes Financings; $38 Million Raised in Two Separate Private Placements
IRVINE, Calif., Nov. 28 /PRNewswire/ -- Cardiac Science, Inc (Nasdaq: DFIB - news), the only provider of life-saving, fully automatic external cardiac defibrillators, announced today that it has completed raising a total of $38 million in gross proceeds in two private placements of its common stock.

Of the total capital raised, approximately $28 million was raised directly by the Company over the last two months primarily from existing shareholders led by Princeton-based Domain Associates and equity4life located in Zurich. The Company's investment bankers assisted Cardiac Science in raising an additional $10 million through a placement with U.S.-based qualified and accredited institutional buyers led by AIM Investment Funds, of Houston, and New York City-based Special Situations Private Equity Fund."

I like the fact that institutions are buying in!
This is very good news IMO.

I suspect we will get a pop today.