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Financings in Brief: Caring Products International

This article was originally published in The Gray Sheet

Executive Summary

Caring Products International: Nets approximately $7.2 mil. from a secondary offering of about 1.8 mil. units at $5 each on Dec. 9. The units -- which trade on the NASDAQ SmallCap Market under the symbol "BDRYU" -- consist of one share of CPI common stock and one warrant to purchase an additional share at $7.50. After 30 days, the common stock and warrants will trade separately under the symbols "BDRY" and "BDRYW," respectively. Proceeds will be used to support marketing efforts for the Seattle-based firm's Rejoice absorbent bladder control product, which debuted in late 1994. Paulson Investment Company and Cohig & Associates served as underwriters...



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