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Stereotaxis says an offering of rights to purchase more than 3 million shares of its stock brought in gross proceeds of more than $10 million.

Rights offering raises $10M for Stereotaxis

Stereotaxis (NSDQ:STXS) said today that a subscription rights offering brought in about $10.2 million in gross proceeds.

A subscription rights offering allows existing shareholders to acquire stock in a company, usually at a discount.

Stereotaxis said the offering resulted in investors acquiring 3.4 million shares, which works out to a share price of $3 each. The offering allowed each investor to purchase ⅓ share for each share already owned.

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