Caliber Imaging & Diagnostics, Inc. (OTCBB:LCDX) announced a private placement of 29,272,727 common shares at a price of $0.55 per share for gross proceeds of $16,100,000 on July 31, 2014. The transaction included participation from the board of directors of the company. Dunn Rush & Co. LLC acted as an exclusive financial advisor to the special committee of the board of directors of the company in connection with this recapitalization transaction.


On July 31, 2014, Caliber Imaging & Diagnostics, Inc. closed the transaction.