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MRI Interventions raises $13.3M in private placement

MRI Interventions Inc. closed its previously announced private placement of 6,625,000 units to a group of investors for gross proceeds of about $13.3 million.

The units were sold at $2 apiece and consisted of 1 common stock and a five-year warrant to purchase an additional share for $2.20 apiece.

The proceeds are meant largely for working capital and general corporate purposes.

Joseph Gunnar & Co. LLC acted as the lead placement agent of the issue with Brookline Capital Markets acting as the co-placement agent.