CABG Medical, Inc. Announces Exercise of Over-Allotment Option
January 14 2005 - 9:30AM
PR Newswire (US)
CABG Medical, Inc. Announces Exercise of Over-Allotment Option
MINNEAPOLIS, Jan. 14 /PRNewswire-FirstCall/ -- CABG Medical, Inc.
(NASDAQ:CABG) announced today that the underwriters of the
company's recent initial public offering of its common stock have
exercised in full their over-allotment option to purchase an
additional 825,000 shares of the company's common stock at a price
of $5.50 per share, before deducting underwriting discounts and
commissions. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050114/CGF013LOGO ) Feltl and
Company and Ladenburg Thalmann & Co. Inc. served as co-managers
of the offering. A copy of the final prospectus may be obtained by
contacting Feltl and Company at 225 South Sixth Street, Suite 4200,
Minneapolis, Minnesota 55402 or Ladenburg Thalmann & Co. Inc.
at 590 Madison Avenue, New York, New York 10022. A registration
statement relating to these securities was declared effective by
the Securities and Exchange Commission on December 7, 2004. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. CABG Medical, Inc. is a medical device company
developing drug-eluting technologies and therapies to improve the
treatment of coronary heart disease, or CHD, by advancing
conventional bypass surgery. We have designed our first product,
the Holly Graft System, by leveraging our understanding of flow
dynamics, material sciences and drug combinations to create a
drug-eluting coronary graft system.
http://www.newscom.com/cgi-bin/prnh/20050114/CGF013LOGO
http://photoarchive.ap.org/ DATASOURCE: CABG Medical, Inc. CONTACT:
Manny Villafana, Chairman & CEO, or John L. Babitt, President
& COO, both of CABG Medical, Inc., +1-763-258-8005, or fax,
+1-763-258-8008 Web site: http://www.cabgmedical.com/
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