MINNEAPOLIS--(BUSINESS WIRE)--MedicalCV, Inc. announced today that it has sold $8.0 million of senior secured debt to an affiliate of Whitebox Advisors, LLC (“Whitebox”), a beneficial owner of approximately 11.5% of MedicalCV’s common stock, in an unregistered transaction. MedicalCV also issued a five-year warrant to purchase 1.2 million shares of common stock at $4.00 per share to Whitebox.
