EDAP TMS SA to Raise $5.625 Million in Registered Direct Offering

EDAP TMS SA

announced that it has entered into definitive agreements with certain institutional investors for a registered direct placement of $5.625 million of ordinary shares in the form of American Depositary Shares ("ADSs") at a price of $2.00 per share, with warrants attached. The warrants issued to the investors will allow them to purchase up to 1,406,250 ordinary shares. The warrants have an exercise price of $2.75 per share and are immediately exercisable for a period of five years. The offering is expected to close on or about March 28, 2012, subject to satisfaction of customary closing conditions.