SpectraScience Raises $4.3M
SpectraScience, the San Diego medical device maker, has raised more than $4.3 million through a private placement that combines preferred shares and warrants, according to a regulatory filing today. As I reported previously, SpectraScience (OTCBB:SCIE) acquired its optical biopsy technology when CEO Jim Hitchin acquired certain assets from the bankruptcy of Minnesota’s GV Medical. In its filing, SpectraScience says the company sold 433,000 units at $10 a share. Hitchin tells me the offering closes a $5 million round the company began earlier this year.