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ReShape dual-balloon system

ReShape dual-balloon system

San Clemente-based ReShape Lifesciences Inc. (Nasdaq: RSLS) raised nearly $1.5 million from several institutional investors for the purchase of 374,572 shares of its common stock at $3.92 per share, according to filings with the Securities and Exchange Commission.

The medical device company develops minimally invasive medical devices to treat obesity and metabolic disease.

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It plans to issue warrants of up to 280,929 shares of common stock at a purchase price of about 13 cents each, totaling $30,000. Proceeds will be used to further commercialize efforts, as well as clinical and product development activities and for general working capital.

ReShape, formerly St. Paul, Minn.-based EnteroMedics Inc., relocated and changed its name after buying ReShape Medical Inc. in San Clemente and Lake Forest-based Bariosurg Inc., in October and May 2017, respectively. The former transaction includes a manufacturing facility and headquarters totaling about 23,000 square feet.