Cytori Closes $10MM in Registered Direct Financing
For Immediate Release
June 6, 2014
SAN DIEGO, CA – WBB Securities acted as exclusive placement agent on a registered direct financing for Cytori Therapeutics, a clinical phase regenerative medicine company. Cytori announced on May 30, 2014 that it had entered definitive agreements with accredited institutional investors. Today Cytori announced the closing of the transaction. The company raised an aggregate of $10 million before fees and expenses through the transaction. Cytori intends to use the proceeds for general corporate purposes, including the continued development, manufacture, marketing and sale of the Celution® System family of products, including related research and clinical trials, and other related research and development, sales and marketing, and general administrative expenses, working capital and capital expenditures.
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About Cytori Corporation Cytori Therapeutics is developing cell therapies based on autologous adipose-derived regenerative cells (ADRCs) to treat cardiovascular disease and other medical conditions. Our scientific data suggest ADRCs improve blood flow, moderate the inflammatory response and keep tissue at risk of dying alive. As a result, we believe these cells can be applied across multiple “ischemic” conditions. These therapies are made available to the physician and patient at the point-of-care by Cytori’s proprietary technologies and products, including the Celution® System product family. www.cytori.com