InspireMD plans follow-on

Medical device company InspireMD Inc. (OTCBB:NSPR) said it plans to raise up to $40 million in a follow on underwritten by Cowen and JMP Securities. InspireMD, which said it applied to move its listing to NASDAQ, said it plans to implement a one-for-four reverse stock split after the financing. InspireMD closed at $1.48 on Friday, the last trading day before the offering was proposed. ...