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Medical Transcription Billing offering preferred stock

Medical Transcription Billing Corp. is offering 155,440 shares of its 11% series A preferred stock at $25 per share.

Net proceeds to the company are estimated at $3.4 million.

The offering is expected to close on or about Dec. 11. H.C. Wainwright & Co. serves as exclusive lead placement agent; Boenning & Scattergood Inc. is co-placement agent.