Sunshine Heart enters $25M common stock purchase agreement with Aspire Capital

Sunshine Heart (SSH) announced that it has entered into a common stock purchase agreement with Aspire Capital Fund. Under the Purchase Agreement, Aspire Capital has committed to purchase up to $25M of Sunshine Heart's common stock from time to time as directed by the company over two years at prices based on the market price at the time of each sale after the SEC declares a registration statement effective relating to the transaction. Upon commencement of the funding under the Purchase Agreement, Aspire Capital has also agreed to make an initial investment of $1M at a price equal to the average of the closing prices of the common stock for the five business days prior to such purchase.