Perma Fix Medical SA announced that it has received PLN 3.79 million in funding from Digirad Corporation.
July 26, 2015
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Perma Fix Medical SA (WSE:PFM) announced that it has signed a letter of intent for a private placement of 71,429 series F shares at a price of PLN 53 per share with new investor Digirad Corporation for gross proceeds of PLN 3,785,737 on January 15, 2015. As a part of the round, the investor will acquire a total of 5.4% stake in the company. The investor will have the right to appoint one member to the company's supervisory board, and a second appointee to either the supervisory board or the management team. The transaction is subject to numerous conditions, including, but not limited to, entering into definitive supply, stock purchase and other agreements, approval by the boards of company and investor and obtaining required approvals by Polish regulatory authorities as to issuance of the shares to investor.
On July 27, 2015, Perma Fix Medical SA closed the transaction. The company entered into strategic partnership with the investor.
Star Equity Holdings, Inc. is a diversified holding company. The Company operates through two divisions: Construction and Investments. The Construction division manufactures modular housing units for commercial and residential applications. Its Construction division operates in two businesses: modular building manufacturing, and structural wall panel and wood foundation manufacturing, including building supply retail operations. The modular building manufacturing business services the northeast United States and is operated by KBS Builders, Inc. (KBS) in Maine. The structural wall panel and wood foundation manufacturing business is operated by EdgeBuilder, Inc., and the retail building supplies are sold through Glenbrook Building Supply, Inc. (Glenbrook). Its Investments division holds its corporate-owned real estate, which includes its two manufacturing facilities in Maine that are leased to KBS and one manufacturing facility in Minnesota that is leased to Glenbrook.
STAR EQUITY HOLDINGS, INC. 
