California surgical devices maker Cardica details a public offering of common and preferred stock aimed at raising $43.9 million to support U.S. sales and marketing efforts. Cardica unveiled the details of an upcoming public offering of stock, aimed at raising $43.9 million to support commercial efforts for the company's MicroCutter XCHANGE 30 minimally invasive stapling system. The California medical device maker plans to offer 32.5 million shares of common stock at 85¢ apiece as well as nearly 191,500 shares of Series A convertible preferred stock at $85 per share.
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