Aurora raises $10 million

Breast MRI developer Aurora Imaging Technology has completed a $3 million preferred stock offering, and concurrently converted approximately $7.7 million of existing debt into preferred stock and common stock.

The equity funding and debt conversion, led by existing shareholders, resulted in an increase in equity of approximately $10.7 million, according to the North Andover, MA-based firm.

By staff writers
January 6, 2005

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Copyright © 2005

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