Stereotaxis announces $12.5M registered direct offering

Stereotaxis (STXS) entered into definitive agreements with investors for the sale of approximately $12.5M of its shares of common stock in a registered direct offering, at a price per share of $2.00. The financing is being led by a strategic industry partner along with participation from a select group of institutional investors. The gross proceeds from the offering are expected to be approximately $12.5M, before deducting placement agent’s fees and other offering expenses. An initial closing of approximately $8.5M of the financing is expected to close on or about July 18 and a second closing of $4M of the financing is scheduled to close on or before November 25 subject to customary closing conditions. Lake Street Capital Markets is acting as the exclusive placement agent for the offering.