Corindus adds $5m to private placement

Corindus Vascular Robotics (OTC:CVRS) said today that it added onto a previously closed private placement, bringing in an additional $4.8 million.

The Waltham, Mass.-based company said that in the additional closing, it floated 3.5 million shares of its stock at a price of approximately $1.38 per share.

The placement included participation from Hudson Executive Capital and Biostar Ventures, with funds slated to support general corporate purposes, according to a press release.

With the additional $4.8 million, the company said it raised a total of $19.5 million.

Last month, Corindus Vascular Robotics announced an initial closure of the round with $15 million raised.

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