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VCs PIPE North American Scientific

North American Scientific (Nasdaq: NASI) has raised $15.5 million in a private placement of common stock and warrants. Three Arch Partners bought $10 million of the securities, and was joined by CHL Medical Ventures ($3m) and SF Capital Partners ($2.5m). Oppenheimer & Co. served as placement agent. 

 

PRESS RELEASE 

 

North American Scientific, Inc. (Nasdaq:NASI) announced today the closing on January 18, 2008 of a private placement of shares of its common stock and the concurrent issuance of warrants for the purchase of common stock. The Company has received gross proceeds of $15.5 million from the financing which will be used for continued development of ClearPath