NMT Medical, Inc announced today that it has filed a universal shelf registration statement. NMT Medical Inc trades on the “NASDAQ” under the stock symbol “NMTI”. For More information regarding “NMTI”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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NMT Medical, Inc. (NASDAQ:NMTI) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”). If and when the shelf registration statement is declared effective, it will permit the Company from time to time, to offer and sell up to $30 million of equity or debt securities. The offering of securities covered by the shelf registration statement is designed to provide the Company with greater flexibility to take advantage of financing opportunities, subject to market conditions and the capital requirements of the Company. As of the date of this release, the Company has no specific plans to offer the securities covered by the registration statement, and is not required to offer the securities in the future.
The terms of any offering under the registration statement will be established at the time of the offering and will be described in a prospectus supplement filed with the SEC at the time of the offering. Unless otherwise indicated in a prospectus supplement, the proceeds from the sale of any securities will be used for general corporate purposes including, but not limited to, sales and marketing expansion, working capital, capital expenditures, continuing research and development, acquisitions and investments. Once declared effective by the SEC, the registration statement would remain in place for a period of three years.
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