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Sunshine Heart Inc (NASDAQ:SSH) announced the closing of its underwritten public offering of 2,875,000 common shares at a price of $5.25 per share. It garnered a net proceeds of $14.0 million

Sunshine Heart Inc (NASDAQ:SSH) announced the closing of its underwritten public offering of 2,875,000 common shares at a price of $5.25 per share. It garnered a net proceeds of $14.0 million.

As quoted in the press release:

Sunshine Heart currently intends to use the net proceeds from the offering for general corporate purposes, including its ongoing clinical trial and product development activities.

Click here to read the full Sunshine Heart Inc (NASDAQ:SSH) press release.

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