Baxano Surgical announces $10M private placement of convertible debentures The debentures will be convertible into common stock at an initial conversion price of $1.06 per share and will bear interest at 6% per year, maturing on March 11, 2017. The warrants will have an initial exercise price of $1.19 per share. Piper Jaffray & Co. served as the lead placement agent and Stifel, Nicolaus and Company served as co-placement agent for the transaction.
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