Corindus Vascular Robotics Announces Additional Closing of Private Placement

WALTHAM, Mass.--(BUSINESS WIRE)--Corindus Vascular Robotics, Inc. (“Corindus” or the “Company”) [NYSE American: CVRS], a leading developer of precision vascular robotics, today announced the execution of an additional closing of the private placement previously announced on February 26, 2019. In the additional closing, existing investors with preemptive rights purchased an aggregate of 3,512,124 shares of the Company’s common stock on the same terms and at the same price of $1.3796 per share as the initial closing through the exercise of such preemptive rights and the purchase of certain additional shares. The additional closing resulted in gross proceeds to the Company of approximately $4.8 million and, together with the initial closing, aggregate net proceeds of approximately $19.5 million. The Company intends to use the proceeds for general corporate purposes.