StockGuru News: Andover Medical, Inc. Closes $1.7 Million Follow-On Private Financing
Andover Medical, Inc. Closes $1.7 Million Follow-On Private Financing Andover Medical, Inc. (OTCBB: ADOV) NORTH ANDOVER, Mass., May 24 /PRNewswire-FirstCall/ — Andover Medical, Inc. (OTC Bulletin Board: ADOV - News), a single source provider of orthopedic, podiatric and urological durable medical equipment (”DME”) and incontinence treatment solutions, announced today that the Company closed a $1.7 million follow-on private financing on May 3, 2007. Complete terms of the offering can be found in the Company’s Form 8-K filed with the SEC on May 21, 2007 and available at http://www.sec.gov. Gross proceeds from the private offering totaled $1,700,000. Participating investors’ purchased in…