Ra Medical Systems Announces Date of Special Shareholder Meeting
Ra Medical Systems (NYSE American:RMED) has announced a special shareholder meeting scheduled for March 21, 2023. Shareholders of record as of February 3, 2023 are eligible to vote on key items, including an $8 million private financing and the conversion of preferred stock into common stock. The majority of this stock conversion is not expected to occur until mid-2024. The preferred stock was originally issued during the acquisition of Catheter Precision, Inc.. Ra Medical, along with its subsidiary, focuses on developing innovative solutions for cardiac arrhythmias.
- Announcement of a special shareholder meeting allows for shareholder engagement.
- A proposed $8 million private financing can enhance liquidity.
- Preferred stock conversion will be delayed until mid-2024, indicating potential liquidity concerns.
FORT MILL, SC / ACCESSWIRE / February 10, 2023 / Ra Medical Systems (NYSE American:RMED) today announced the date of March 21, 2023 as the date of its special shareholder meeting. Shareholders of record as of February 3, 2023 are entitled to vote at the meeting.
Among other items, shareholders are requested to vote in favor of a previously announced
About Ra Medical Systems
Ra Medical, and its wholly owned subsidiary Catheter Precision, is an innovative U.S.-based medical device company bringing new solutions to market to improve the treatment of cardiac arrhythmias. It is focused on developing groundbreaking technology for electrophysiology procedures by collaborating with physicians and continuously advancing its products.
CONTACTS:
At the Company
David Jenkins
973-691-2000
mhuck@catheterprecision.com
SOURCE: Ra Medical Systems, Inc.
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