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Biomagnetic Technologies, Inc.

This article was originally published in The Gray Sheet

Executive Summary

Files registration statement for public offering of 3 mil. units. The San Diego-based manufacturer Of imaging systems estimates that it will sell the units for $5 to $7. Each unit is comprised of one share of common stock, one Class A Warrant and one Class B Warrant. Class A and Class B Warrants will give investors the option to obtain common stock at 125% and 150% of the unit price, respectively, for seven years. The offering is being managed by D. Blech & Company and will be preceded by a one-for-three reverse split of the common stock



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