Business
ORHub (ORHB) Sets Exercise Price for its Series B and D Warrants
ORHub (ORHB) Sets Exercise Price for its Series B and D Warrants.
About this update from Orhub, Inc.
[{"type":"text","content":"\n \n \n ORHub (ORHB) Sets Exercise Price for its Series B and D Warrants\n \n \nORHub (ORHB) Sets Exercise Price for its Series B and D Warrants\n \n NEWPORT BEACH, CA--(Marketwired - Jun 21, 2017) - ORHub, Inc. (OTC: ORHB), a cloud-based medical software company established as the Operating Room Hub for data and analytics, today announces a $0.50 exercise price for all the Company's Series B & D Warrants. \n This $0.50 exercise price will commence immediately and stay open until all of the Series B and D warrants have been exercised or the warrants expire on the expiration date currently set at December 31, 2017. The Series C, E and F Warrants remain at their respective exercise prices of $3.00 (Series C) and $4.00 (Series E & F). To date the Company has received more than $3 million from previous warrant exercises. If all of the Series B and D warrants are exercised, the Company will receive in excess of $5.5 million in additional proceeds which will be used to further expand the launch of its software platform into hospital chains throughout North America. \n As recently announced (http://nnw.fm/D2kfb), ORHub in July 2017 will launch its second service line, Module 2 for hip and knee surgical procedures. With over 100 million surgeries performed in the U.S. every year and growing, this new hip and knee module significantly expands the addressable market for the Company's dynamic analytics capabilities and Surgical Resource Management platform. \n The Company's initial module targeting spine surgeries launched in 2016 and is being used daily and exclusively at two Southern California hospitals that have collectively performed over 700 surgeries.\n About ORHub, Inc.\n \n ORHub is a cloud-based software company focused on delivering performance-based data analytics at the speed of surgery. The Company's suite of products serves the needs of the healthcare industry, hospital, patient, government and the medical device vendor. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process -- evolving Big Data into Intelligent Digital Data. \n ORHub's software applications allow hospitals and medical device vendors to utilize any web-enable...