Printer Friendly

VITAL HEART SYSTEMS' REGISTRATION IS EFFECTIVE SEPT. 10, 1992

 VITAL HEART SYSTEMS' REGISTRATION IS EFFECTIVE SEPT. 10, 1992
 BEVERLY, Mass., Sept. 10 /PRNewswire/ -- Vital Heart Systems, Inc. (NASDAQ: VHRT) announced that its Registration Statement on Form S-3 was declared effective on Sept. 10, 1992, at 10 a.m. E.D.T. This registration covers 3,973,925 outstanding shares of common stock, 1,127,975 shares issuable by the company upon conversion of its outstanding Series A Debentures and 2,843,750 shares issuable by the company upon exercise of its outstanding Class A Warrants.
 The company's December, 1991 and January, 1992 Private Equity Placement raised approximately $1,885,000 in net proceeds. On July 31, 1992, the company issued a notice of Class A Warrant Redemption for the Class A Warrants issued as part of the private equity placement. The Class A Warrants are exercisable at a price of $0.75 per share. If all Class A Warrants are exercised, the company will receive proceeds of approximately $2,133,000.
 If all of the Series A Debentures are converted and all of the Class A Warrants are exercised, the total number of shares outstanding will increase by 2,909,266.
 "This is another major step in the financial restructuring that Vital Heart Systems announced on Dec. 11, 1991, providing the necessary resources to continue its marketing efforts," said David L. Printy, chairman, president and CEO.
 Vital Heart Systems, with offices in Beverly and Minneapolis, manufactures and markets the Variance Cardiograph, a non-invasive, stress-free diagnostic instrument capable of identifying coronary artery disease even when no symptoms are present. The stock of Vital Heart Systems, Inc. is traded on the national over-the-counter market under the NASDAQ symbol VHRT.
 -0- 9/10/92
 /CONTACT: David L. Printy, chairman, president and CEO, or Deborah Meacock, director, investor relations, 800-966-2838, both of Vital Heart Systems/
 (VHRT) CO: Vital Heart Systems, Inc. ST: Massachusetts IN: MTC SU: OFR


AL -- MN007 -- 7974 09/10/92 11:28 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 10, 1992
Words:323
Previous Article:SYMANTEC INTRODUCES NORTON DESKTOP 2.0 FOR WINDOWS NETWORK MENUING ADMIN PACK; CUSTOMIZED MENUS FOR NETWORK USERS, SECURITY AND CONTROL
Next Article:DIGITAL F X ANNOUNCES ACQUISITION OF WAVEFRAME; MERGES INTO NEW DIGITAL F X AUDIO DIVISION
Topics:


Related Articles
AVECOR CARDIOVASCULAR FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING
VITAL HEART SYSTEMS ANNOUNCES A JOINT CARDIOGRAPH DEVELOPMENT PROJECT WITH DIGITAL EQUIPMENT CORPORATION
SEISMED INSTRUMENTS INC STOCKS WILL CONTINUE TO BE LISTED ON THE NASDAQ SMALL-CAP MARKET SYSTEM
VITAL HEART SYSTEMS ANNOUNCES INCREASED REVENUES FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 1992
VITAL HEART SYSTEMS LAUNCHES EUROPEAN DISTRIBUTOR NETWORK
VITAL HEART SYSTEMS RECEIVES $1,962,093 IN PROCEEDS FROM WARRANT REDEMPTION
HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES EXTENSION OF WARRANT EXERCISE PRICE REDUCTION PERIOD
VITAL HEART SYSTEMS, INC. RELEASES JUNE 30, 1993 FDA INSPECTIONAL REPORT FINDINGS
SPECTRAL DIAGNOSTICS CALLS 736,200 REDEEMABLE COMMON STOCK PURCHASE WARRANTS TO PURCHASE SHARES FOR US$8 PER SHARE; REALIZES US$5,889,600
HEALTHCARE IMAGING SERVICES, INC., ANNOUNCES REDUCTION OF WARRANT EXERCISE PRICE

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters