The promissory note has a three-year term with interest paid monthly and the noteholder also received three-year warrants that are exercisable into a total of 333,333 shares of the Company’s common stock.
The company will use the proceeds to expand its geographic footprint beyond the eight affiliate locations in Texas and Florida, as well as further support its internal infrastructure.
More Articles on Pain Management:
Acadia Hospital Launches Pain Management Program on Opioid Alternatives
10 Pain Management Physicians on the Move
ASIPP Releases Guidelines on Opioid Prescription for Non-Cancer Pain Patients
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
