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.
Top NewsTuesday, November 30, 2004
STI Raises $10.9M