MYnd Analytics Inc. is targeting to raise about $2.8 million from a registered direct offering of its common stock.
The company agreed to sell 2,776,491 shares at $1.02 to certain investors. The offering is expected to close by May 28.
The Mission Viejo, Calif.-based healthcare technology company intends to use the net proceeds for general corporate purposes.
T.R. Winston & Co. LLC is acting as sole placement agent in connection with the offering.