Diametrics Medical
This article was originally published in The Gray Sheet
Executive Summary
Announces that underwriters Hambrecht & Quist and Vector Securities International have exercised their option to purchase 375,000 overallotment shares of Diametrics Medical common stock. The Minneapolis-based blood chemistry diagnostic company recently netted $14 mil. in its initial public offering of 2.5 mil. shares ("The Gray Sheet" July 4, p. 33). The overallotment purchase will provide an additional $2.1 mil., bringing the total net proceeds from the offering to $16.1 mil