trending Market Intelligence /marketintelligence/en/news-insights/trending/NVvyGVyb_cVuJUMIVrf9CA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Neovasc raises $11.5M in stock, debt offerings

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

COVID-19 Impact & Recovery: Private Equity

COVID-19 Impact & Recovery: Corporates

Blog

COVID-19 Impact & Recovery: Investment Banking


Neovasc raises $11.5M in stock, debt offerings

Neovasc Inc. closed a private placement of common shares to raise about $1.7 million in gross proceeds.

The Richmond, British Columbia-based company sold 3,349,514 common shares in the placement at 51.5 cents apiece. Separately, the company issued a debenture for gross proceeds of $9.8 million.

Neovasc, which develops, manufactures and markets medical devices worldwide, plans to use the proceeds — $11.5 million in total — for the development and commercialization of the Neovasc Reducer stent.

Funds raised will also be used for the development of Neovasc's transcatheter device, Tiara, along with general corporate and working capital purposes.