Crdentia Corp. (CRDT.OB) Stock Prices Rise 24% as Company Receives $5 Million in Financing
Crdentia recently announced that it has completed a private placement worth $5 million in equity offering with value-based institutions. The financing will be used for working capital and strategic initiatives. The company believes the funding will provide the opportunity to implement additional organic growth initiatives to further improve operating margins and accelerate revenue increases. John Kaiser, CEO of Crdentia, stated, “Completion of this new equity financing is very important to Crdentia as it allows the Company to fully implement its strategic growth plans with the goal of establishing Crdentia as one of the strongest full-service suppliers of healthcare personnel in…