Dextera Surgical, Inc. (NASDAQ:DXTR) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02. Unregistered Sales of Equity Securities.
On May 24, 2017, Camber Capital Master Fund, LP and two of its related entities converted an aggregate of 46,361 shares of Series A convertible preferred stock of Dextera Surgical, Inc. (the “Company”) into 463,610 shares of the Company’s Common Stock. These conversions were exempt from registration to Section 3(a)(9) of the Securities Act of 1933, as amended. Following these conversions, the Company had outstanding no shares of Series A convertible preferred stock.
About Dextera Surgical, Inc. (NASDAQ:DXTR)
Dextera Surgical Inc., formerly Cardica, Inc., designs and manufactures stapling devices that enable the advancement of minimally invasive surgical procedures. The Company is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons. Its MicroCutter 5/80 is a commercially available cartridge-based microcutter device with approximately five millimeter shaft diameter, over 80 degrees of articulation, and an approximately 30 millimeter staple line cleared for specified indications for use in the United States, and in the European Union (EU) for a range of indications for use. It designs, manufactures and markets automated anastomotic systems used by surgeons to perform anastomoses during on- or off-pump coronary artery bypass graft procedures and these products include the C-Port xA system, the C-Port Flex A system and the PAS-Port Proximal Anastomosis System. Dextera Surgical, Inc. (NASDAQ:DXTR) Recent Trading Information
Dextera Surgical, Inc. (NASDAQ:DXTR) closed its last trading session up +0.014 at 0.186 with 2,647,642 shares trading hands.