Kelyniam Global, Inc., ("KLYG") Announces Private Investment to Public Entity ("PIPE") Closure of Securities Offering
KELYNIAM GLOBAL INC (KLYG)
Company Research
Source: PR Newswire
Proceeds to Further Growth Objectives in 2025CANTON, Conn., Dec. 16, 2024 /PRNewswire/ -- Kelyniam Global (OTC: KLYG), a maker of custom cranial implants, today announced that it has completed the successful sale of restricted shares of Kelyniam's common stock in a private placement to certain accredited investors effective with the closing of the offering period on November 30, 2024. No warrants were offered as part of this investment.The company intends to use the proceeds to accelerate its 2025 growth objectives across several investments. Chief among these objectives include additional sales and marketing efforts for current and pipeline products, regulatory and FDA filing fees for new product introductions and additional geographical expansion to territories and trauma centers across the United States with neurology focused care facilities. The company did not use a placement agent."I am pleased that our shareholders continue to express confidence in the strategic direction of Ke
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