iCAD, Inc. (ICAD) Secures $15 Million to Strengthen Cash Position
iCAD, Inc., an industry-leading provider of advanced image analysis, workflow solutions and radiation therapy for the early identification and treatment of cancer, announced earlier today that it has executed a five year, $15 million debt facility agreement with Deerfield Management Company LP, a leading healthcare investment fund. As terms of the Agreement, the company will issue a $15 million principal amount senior secured 5.75% note; enter into a revenue purchase agreement; and issue warrants to purchase 2,250,000 shares of iCAD Common Stock, plus an additional 500,000 shares of common stock if the Agreement is extended. “We are pleased to enter…