Sanuwave Health Inc. plans to sell securities to investors in a private placement for $9.1 million.
The Atlanta-based company specializes in extracorp real shock wave technology for chronic wound care, cardiovascular, neurological and orthopedic conditions.
It said the majority of investors in the financing are health care-focused institutional funds. The placement should close on or about April 8.
Sanuwave (OTC BB: SNWV) plans to use the proceeds of this private placement for general working capital purposes.