Print
Email
Print Edition StoriesThursday, February 18, 2010
NXT Nutritionals sweetens funds with $2.4M offering
By Mass High Tech staff
MHT's Julie Donnelly: Pharmaceuticals find drug development partners in colleges
Robotic surgery gains traction
Funding drugs for rare diseases
NXT Nutritionals Holdings Inc., maker of SUSTA natural sweetener, has pulled in $2.35 million in a private placement offering that will support the development and marketing of the sweetener product.
As part of the private placement deal, the company has sold five-year Series C warrants, exercisable for common shares, to accredited investors, in addition to issuing senior secured convertible notes.
NXT Nutritionals (OTCBB: NXTH), based in Holyoke, makes SUSTA, which claims few calories and a low glycemic index, according to company officials, and is the basis of the company’s health products.
The company announced last fall that it had appointed James R. Gavin III, former president of the American Diabetes Association, to its medical advisory board.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
