Psoria-Shield raises $1.5M

TAMPA -- Psoria-Shield raised nearly $1.5 million in capital through a private equity sale, a filing with the Securities & Exchange Commission shows.

The Tampa-based medical device manufacturer sold $1.46 million in equity securities to 23 investors, the filing shows. Of that total, $510,000 worth of equity was used to pay for services associated with the placement; another $117,000 was used as compensation for the firm's two executive officers, Scot Johnson and Edwin Longo.

A year ago, Psoria-Shield raised nearly $884,000 from a sale of various securities to 14 investors.