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.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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