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STI Raises $10.9M




Santa Barbara-based Superconductor Technologies announced this week that it has raised $10.9M in a registered direct offering for its stock. The placement agent for the transaction was Needham and Company. A registered direct offering is similar to a PIPE (private investment in public equity), which has been popular with institutional investors and venture capitalists looking to take positions in companies that went public too early.


 

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