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Hooper Holmes receives $1.2M investment from PE firm

Hooper Holmes Inc.on March 29 announced a $1.2 million private placement of its common stock to 200NNH LLC, an affiliate of Kanon Ventures LLC.

Kanon Ventures is a private equity firm with expertise in healthcare and real estate.

Pursuant to a securities purchase agreement executed on March28, Hooper Holmes issued and sold 10 million common shares to 200 NNH at 12 centsper share, subject to an 18-month lock-up period.