Cord Blood America, Inc. (CBAI.OB) Announces Large Private Placement
Cord Blood America announced today that it has completed a private placement with institutional investors. As terms of the transaction, the institutional investors will receive 0% Senior Convertible Notes at an original issue discount of 20%. Midtown Partners & Co., LLC, was instrumental in completing the financing. The CEO, Matthew Schissler, stated, “We are enormously pleased by these financings as they allow for us to continue our strategic organic growth focused on exclusive relationships with approved insurance providers. The financings also allow Cord Blood America to move forward with its aggressive accretive acquisition program." “This is a major milestone for…