Ascendx Spine™ Closes on $4.8 Million ‘Mixed’ Financing (press release)
WINTER PARK, Fla.--(BUSINESS WIRE)--Ascendx Spine™ (www.ascendxspine.com), formerly AOI Medical, announced today that it closed on a ‘mixed’ financing totaling $4.8 million—which included $1.7 million in cash and the conversion of $3.1 million in debt to common stock.
“The current standard procedures for treating vertebral compression fractures are ‘vertebroplasty’ and ‘kyphoplasty.’ We believe that our Ascendx VCF Repair System is designed to be a safe and effective product for use by spine surgeons and inte...
