|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.32 - 0.32|
|52 Week Range||0.01 - 1.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The financing consists of a $2.4 million 10% convertible note (convertible at $1.05 per MGTI share) issued to a single institutional investor, UAHC Ventures LLC. UAHC Ventures is a subsidiary of publicly traded United American Healthcare Corp. (UAHC). The note is self-amortizing with a maximum repayment of $160,000 per month. In conjunction with the note, the Company also issued the investor approximately 862,000 warrants with an exercise price of $1.05 per MGTI share.
CONCORD, Calif., May 23, 2017 /PRNewswire/ -- Pulse Systems LLC, a subsidiary of medical device contract manufacturing company, United American Healthcare Corporation (UAHC), has made a significant investment in a state-of-the-art Tsugami Laser-cutting System. The investment in the new technology is cost effective for medical device product developers, and increases efficiency by combining CNC machining and laser cutting in a single setup.