Tuesday, July 7, 2009

$7.5mm capital commitment for Cord Blood America, CBAI

  • Cord Blood America secures $7.5 million investment capital commitment from a health care fund
  • To be drawn down through the sale of Series A Preferred Stock once a registration statement is filed and declared effective under the Securities Act of 1933
  • Use of proceeds
    • New stem cell initiatives
    • Potential acquisitions
    • Working capital needs
Read more in updated CBAI analyst report

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