VertiFlex Receives $26,825,680 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bade5c9d-ecbf-4078-a583-b57ed042419b
Date
1/13/2016
Company Name
VertiFlex
Mailing Address
1351 Calle Avanzado San Clemente, CA 92673 USA
Company Description
VertiFlex is a privately held medical device company dedicated to the advancement of minimally invasive solutions for the treatment of lumbar spinal stenosis(LSS), which is the leading cause of spinal surgery in the elderly. Our focus is to resolve the pain of LSS, helping patients regain active and productive lifestyles.
Website
http://www.vertiflexspine.com
Transaction Type
Venture Equity
Transaction Amount
$26,825,680
Transaction Round
Undisclosed
Proceeds Purposes
$10,500,000 new cash, $16,220,680 conversion of debt, $105,000 upon exercise of warrants. Proceeds purposes were not disclosed. 8 investors participated in the offering. The amount may include options, warrants or other securities. Contact technology company for investment details, if applicable. Not an offer or solicitation for the sale of securities or debt. SEC regulatory filing.
M&A Terms
Venture Investor
Undisclosed