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CAS Medical Systems Down 16 Percent after Pricing Secondary Offering (CASM)

Shares of CAS Medical Systems (NASDAQ: CASM) are down more then 16 percent in early trading after pricing its 5.2 million share secondary offering at $1.25 per share.

The company stated in its press release that it intends to use the $6.5 million in proceeds for general purposes.

[stock-tools exchange="NASDAQ" symbol="CASM" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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