CHICAGO - January 23, 2013 - First Analysis Securities Corp. acted as the co-lead placement agent in an $11 million private placement for MRI Interventions, a commercial-stage medical device company enabling a range of minimally invasive procedures in the brain. As part of this investment, the company issued common stock and warrants to purchase common stock.
About MRI Interventions
MRI Interventions is creating innovative platforms for performing the next generation of minimally invasive surgical procedures in the brain and heart. Utilizing a hospital's existing MRI suite, the company's FDA-cleared ClearPoint(R) system is designed to enable a range of minimally invasive procedures in the brain. MRI Interventions has a co-development and co-distribution agreement with Brainlab, a leader in software-driven medical technology, relating to the ClearPoint system. In partnership with Siemens Healthcare, MRI Interventions is developing the ClearTrace(TM) system to enable MRI-guided catheter ablations to treat cardiac arrhythmias, including atrial fibrillation.
About First Analysis
Founded in 1981, First Analysis has a 30-year track record of serving emerging growth companies and established industry leaders within its focused areas of domain expertise. Our investment banking practice leverages industry insights developed through our equity research and private equity activities to deliver value to clients across the life cycle of a business.
Providing senior-level attention to every client, First Analysis offers superior execution across a comprehensive range of investment banking services, including M&A advisory, public equity and debt financing, and private equity placements. For more information about this transaction, or with questions about how we can assist you or your clients, please contact the following First Analysis representatives:
For more information about this transaction, or with questions about how we can assist you or your clients, please contact the following First Analysis representatives:
Senior Vice President
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Recent Transaction - MRI Interventions
First Analysis Securities Corp. (FASC) is a registered broker/dealer with FINRA and member SIPC.