The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Apr. 19, 12:20 AM

Slide #2. Cardica, Inc. Secondary Offering

Company: Cardica, Inc. (NASDAQ:CRDC)
Date announced: 4/16/2014
Shares Offered: 191,474
Date of Pricing: 4/16/2014
Price Per Share: $85
Secondary Offering Details: Cardica, Inc. (Nasdaq: CRDC) today announced the pricing of an underwritten public offering of 32,500,000 shares of its common stock, offered at a price to the public of $0.85 per share, and 191,474 shares of its Series A convertible preferred stock, offered at a price to the public of $85.00 per share. The Series A convertible preferred stock is non-voting and is convertible into shares of Cardica common stock at a conversion rate of 100 shares of common stock for each share of Series A convertible preferred stock, provided that conversion will be prohibited if, as a result, the holder and its affiliates would own more than 9.98% of the total number of shares of Cardica common stock then outstanding unless the holder gives Cardica at least 61 days prior notice of an intent to convert into shares of common stock that would cause the holder to own more than 9.98% of the total number of shares of common stock then issued and outstanding. Cardica has also granted to the underwriters an option to purchase up to an additional 4,875,000 shares of common stock to cover overallotments.

Cardica is focused on the development of a laparoscopic microcutter product line intended for use by thoracic, bariatric, colorectal and general surgeons. Co. is developing a microcutter product line based on its proprietary staple-on-a-strip technology. Co.'s planned microcutter product line consists of the MicroCutter XCHANGE™ 30 cartridge based microcutter device; the MicroCutter XCHANGE™ 45 and the MicroCutter FLEXCHANGE™ 30 planned cartridge based microcutter devices; the MicroCutter XPRESS™ 30 multi-fire endolinear stapling device, and the MicroCutter XPRESS™ 45 planned multi-fire endolinear microcutter device with a 45 millimeter staple line, a planned cutting and stapling device.
Open the CRDC Page at The Online Investor »

Company Name:  Cardica Inc
Sector:  Medical Instruments & Supplies
Number of ETFs Holding CRDC:  1
Total Market Value Held by ETFs:  $116059
Total Market Capitalization:  $46.00M
% of Market Cap. Held by ETFs:  0.25%

Open the CRDC Page at The Online Investor (in a new window) »

April 19, 2014    12:20 AM Eastern
Quotes delayed 20 minutes

Trade CRDC Now:

Strong Buy (4.00 out of 4)
88th percentile
(ranked higher than approx. 88% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.