Ahead of reverse merger closing, Raleigh company raises $1.45M

Ahead of the closing of its reverse merger with Simi Valley, California-based Monster Digital (Nasdaq: MSDI), Raleigh-based Innovate Biopharmaceuticals has raised $1.45 million.   According to a filing with the SEC, the funds include debt, options and securities.  “The funds will be used for general operations and activities associated with our upcoming reverse merger with MSDI,” Kendyle Woodard, director, operations and investor relations, at Innovate, said in an e mail.  In an interview…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news