Medical Transcription Billing Corp. has closed its public offering of 155,440 nonconvertible 11% series A preferred shares.
The shares were sold at $25 each for gross proceeds of approximately $3.9 million and net proceeds of about $3.4 million.
H.C. Wainwright & Co. served as exclusive lead placement agent; Boenning & Scattergood Inc. was co-placement agent.
