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PolarityTE™ Announces $15.2 Million Above Market Private Placement for Strategic Scale-Up of Commercial Product and Development of the Polarity Platform Pipeline

SALT LAKE CITY, Sept. 14, 2017 (GLOBE NEWSWIRE) — PolarityTE™, Inc. (NASDAQ:COOL) today announced that it has entered into securities purchase agreements with investors for the sale of $15.2 million of Series F Convertible Preferred Stock. The preferred stock shall be convertible into the Company’s common stock at a conversion price of $27.50 per share and the investor shall receive one half warrant exercisable at $30.00 per share.
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