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Palladium Capital Advisors Completes $4,500,000 Bridge Financing for Pulmatrix, Inc.

Feb. 19, 2015:

Pulmatrix Tombstone (2015 - $4.5M Bridge)

NEW YORK, NY – Palladium Capital Advisors, LLC today announced that it acted as sole placement agent for Pulmatrix, Inc. in its $4,500,000 private bridge-financing offering. Details to follow.



On March 13, 2015, Ruthigen, Inc. (NASDAQ:RTGN) announced that it had entered into a material definitive agreement to merge with Pulmatrix.


Palladium Capital Advisors, LLC is serving as the placement agent and financial advisor to Pulmatrix.


Immediately after the consummation of the Merger, the Company has agreed to assume Pulmatrix’s outstanding bridge loan in the principal amount of $4,500,000 which shall be converted, together with any accrued but unpaid interest, into shares of common stock of the Company at $2.75 per share.


For more information please see their full Form 8-K filing here: http://biz.yahoo.com/e/150313/rtgn8-k.html