Company news

October 26, 2011 at 1:23AM

DEBT AND EQUITIESKips Bay Medical Inc., Plymouth, has entered into an agreement with Aspire Capital Fund, an Illinois limited liability company, whereby Aspire Capital has committed over the next three years to buy up to $20 million of Kips Bay common stock based on prevailing market prices over a period preceding each sale. Cohen & Co. Capital Markets, a wholly owned subsidiary of PrinceRidge Holdings, acted as financial adviser to Kips Bay in connection with the transaction.

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