Crdentia Announces Completion of Equity Financing
15 Novembre 2007 - 2:00PM
PR Newswire (US)
Second and Final Closing Brings Total to $6 Million DALLAS, Nov. 15
/PRNewswire-FirstCall/ -- Crdentia Corp. (OTC:CRDT) (BULLETIN
BOARD: CRDT) , a leading healthcare staffing company, today
announced it has completed a second and final closing of its
private placement equity offering with additional investments of
$1.05 million, bringing the total capital raised to $6 million. The
proceeds from the offering will be used for working capital and
strategic initiatives, including financing the Company's recent
acquisitions of Medical People Healthcare Services, Inc. and ATS
Health Services. "I am pleased to announce the completion of this
additional equity financing, which enables us to pursue our
strategic growth plans of establishing Crdentia as a leading
full-service supplier of healthcare staffing throughout the Sun
Belt region," said John Kaiser, CEO. "Importantly, the capital
raised helped to finance our recent acquisitions that have
transformed Crdentia into a substantially larger company, both in
terms of revenue and our geographical service footprint. With the
completion of this financing, we are also pleased to welcome new
institutional investors to our growing base of shareholders."
Including the amount raised in the first closing, announced October
29, 2007, terms of the total funding include the issuance of
approximately 19.2 million shares of common stock and five-year
warrants to purchase approximately 9.6 million shares of common
stock for $0.35 per share in a cash only exercise. Global Hunter
Securities, LLC acted as placement agent for the financing. The
shares of common stock sold in the private placement have not been
registered under the Securities Act of 1933, as amended, or state
securities laws and may not be offered or sold in the United States
absent registration with the Securities and Exchange Commission or
an applicable exemption from the registration requirements.
Crdentia has agreed to file a registration statement with the
Commission covering the resale of the common stock sold in the
private placement. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such jurisdiction. About Crdentia Corp. Crdentia Corp., one of
the nation's leading providers of healthcare staffing solutions, is
focused on recruiting talented national and international
healthcare professionals to meet the ever-increasing employment
needs of over 1,500 clients. Crdentia is one of the few companies
that can provide quality temporary staff for all healthcare
industry positions including local nurses, travel nurses, allied
health and locum tenens professionals. For more information, visit
http://www.crdentia.com/. Forward Looking Statements Statements
contained in this release that are not historical facts are
forward-looking statements that involve risks and uncertainties.
Among the important factors which could cause actual results to
differ materially from those in the forward-looking statements
include, but are not limited to, those discussed in "Risk Factors"
in the Company's Forms 10-K, Forms 10-Q, and other filings with the
Securities and Exchange Commission. Such risk factors include, but
are not limited to, a limited operating history with no earnings;
reliance on the Company's management team, members of which have
other business interests; the ability to successfully implement the
Company's business plan; the ability to continue as a going
concern; the ability to fund the Company's business and acquisition
strategy; the growth of the temporary healthcare professional
staffing business; difficulty in managing operations of acquired
businesses; uncertainty in government regulation of the healthcare
industry; and the limited public market for the Company's common
stock. The actual results that the Company achieves may differ
materially from any forward-looking statements due to such risks
and uncertainties. Crdentia undertakes no obligation to revise or
update publicly any forward-looking statements for any reason.
Contact Crdentia Corp. John Kaiser, CEO Phone: 972.850.0780 Fax:
972.392.2722 Jim TerBeest, CFO Phone: 972.850.0780 Fax:
972.392.2722 DATASOURCE: Crdentia Corp. CONTACT: John Kaiser, CEO,
, or Jim TerBeest, CFO, , both of Crdentia Corp., +1-972-850-0780,
fax, +1-972-392-2722 Web site: http://www.crdentia.com/
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