STXS:
04:44 PM EDT, 08/02/2013 (MidnightTrader) -- Stereotaxis Inc. (STXS) is up more than 6% in late trade after disclosing it has extended the maturity date of its revolving line of credit with Silicon Valley Bank by one month to Aug. 31.
In addition, the Bank waived the testing of the liquidity ratio financial covenant under the Amended Loan Agreement for the period ended July 31, according to a regulatory filing tonight.
STXS also issued warrants to purchase up to 14,313 shares of common stock, exercisable at $5.24 a share, to Alafi Capital Company LLC and Sanderling Venture Partners in exchange for extending their loan guarantees for the company through August 31.
STXS shares more than tripled in price this week after the U.S. Food and Drug Administration granted 510(K) clearance to market the company's Vdrive Robotic Navigation System in the United States.
Price: 7.80, Change: +0.46., Percent Change: +6.3
