 |
      |
 |
 |
For more information, please contact: |
|
Prospect Medical Holdings, Inc. |
Investor Relations Counsel: |
|
FOR IMMEDIATE RELEASE PROSPECT MEDICAL HOLDINGS CLOSES FINAL TRANCHE OF PRIVATE EQUITY OFFERING |
|
|
Culver City, CA— March 18, 2004— Prospect Medical Holdings, Inc. (OTC:PMHX.PK), a Southern California managed care management company, announced that it has closed the final tranche of a private offering of its Series A Convertible Preferred Stock at $5.50 per share, raising total gross proceeds of $12,458,802, including an over allotment of $1,018,802. Each share of the preferred stock sold in the offering is convertible to one share of common stock, subject to adjustments. The Company paid a 10% placement agent's fee and issued warrants to the placement agent for the purchase of preferred stock in an amount equal to 20% of the shares sold in the offering. The Company has used the proceeds from the offering for acquisitions and other corporate purposes. The securities sold in this offering have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. |
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
|
Privacy Statement | Terms of Use | Contact | © 2008 Prospect Medical Holdings |
|||||||
|
|
|||||||
