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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Aug. 4, 1:50 PM

Slide #14. Perseon Corporation Secondary Offering

Company: Perseon Corporation (NASDAQ:PRSN)
Date announced: 7/30/2015
Shares Offered: 5,750,000
Date of Pricing: 7/30/2015
Price Per Share: $0.90
Secondary Offering Details: Perseon Corporation (NASDAQ:PRSN) (NASDAQ:PRSNW) ("Perseon" or the "Company"), a leading provider of medical systems that utilize energy to treat cancer, today announced the pricing of an underwritten public offering of 5,750,000 shares of common stock, and warrants to purchase 11,500,000 shares of common stock, at an offering price of $0.90 per share and two warrants. The warrants have a per share exercise price of $0.99, are exercisable immediately, and expire five (5) years from the date of issuance. The shares are traded on The NASDAQ Capital Market under the symbol "PRSN". The warrants will begin trading on The NASDAQ Capital Market on July 30, 2015 under the symbol "PRSNW". The offering is expected to close on August 4, 2015, subject to customary closing conditions. The Company has also granted the underwriters a 45-day option to purchase up to an additional 862,500 shares of common stock and/or 1,725,000 warrants to cover over-allotments, if any.

Perseon develops, manufactures, markets and services systems to treat cancer and benign diseases using heat therapy delivered using focused radiofrequency and microwave energy. Co.'s product line includes systems that have been designed to provide a range of thermal treatment systems for the treatment of cancer, including both ablation and hyperthermia treatment systems. Co.'s microwave ablation system is used to ablate soft tissue with heat alone. Thermal ablation usually refers to heat treatments above 55?C for short periods of time. Co.'s hyperthermia cancer treatment systems are used to treat cancer with heat (hyperthermia) while boosting the effectiveness of radiation.
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Company Name:  Perseon Corp
Sector:  Medical Instruments & Supplies

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August 4, 2015    1:50 PM Eastern
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