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CTD Holdings raises $1.5M through private placement

CTD Holdings Inc. raised $1.5 million through the sale of 15,000 units at $100 apiece.

Each unit consisted of one series B preferred share, convertible into 400 common stocks of the company, and a seven-year warrant, convertible into 400 shares of the company at 25 cents apiece.

A group of accredited investors including directors and management team members participated in the offering.

Scarsdale Equities acted as the financial advisor to CTD Holdings in the offering.