Company News, Financial News

BriteSmile Sells Shares Of Unregistered Common Stock

Author Image

By: TOM BRANNA

Editor

BriteSmile Inc., Walnut Creek, CA, an-nounced the sale of 369,577 shares of unregistered common stock at $23 a share, for a total of about $8.5 million. Proceeds from the private placement will be used to retire the $2 million bridge loan announced by the company last November, and for working capital purposes, executives said. BriteSmile also announced a five for two stock split of shares of its common stock with each shareholder of record on Jan. 16 being entitled to receive five shares of ...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters