SpineGuard Creates Standby Equity Facility with Société Générale

Paris and San Francisco-based SpineGuard has entered into a standby equity facility with Société Générale, under which Société Générale has committed to purchase newly created shares at any time during an agreed upon 36-month period. The agreement's limit is 400,000 shares or 9.3 percent of the 4,311,112 shares currently outstanding.

SpineGuard has the sole discretion to determine the timing of the funding. While the agreement secures the company's financial resources, it does not reflect an immediate need for cash.

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