BIOLASE Raises $10M In PIPE
socalTECH
AUGUST 1, 2016
Irvine-based dental laser maker BIOLASE , which trades on the NASDAQ as BIOL, said this morning that it has raised a private placement worth $10M. The funding came from Jack W. Schuler Living Trust, Oracle Partners, L.P. and Oracle Institutional Partners L.P., along with a number of its directors and officers. Biolase said the investors are paying $113.00 per share in stock, for 88,494 shares of its convertible preferred stock.
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