{"id":409612,"date":"2021-01-06T09:32:16","date_gmt":"2021-01-06T14:32:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409612"},"modified":"2021-01-06T09:32:16","modified_gmt":"2021-01-06T14:32:16","slug":"pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/","title":{"rendered":"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Jan.  06, 2021  (GLOBE NEWSWIRE) &#8212; PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the \u201cCompany\u201d or \u201cPAVmed\u201d), a highly differentiated, multi-product, commercial-stage medical device company, today announced\u00a0it has entered into agreements for the sale of 6.0 million shares of common stock at a price of $2.24 per share for gross proceeds of approximately $13.4 million in a registered direct offering (the \u201cOffering\u201d) priced at-the-market under Nasdaq rules.<\/p>\n<p align=\"justify\">The estimated net proceeds to PAVmed from the Offering are expected to be approximately $12.4 million after deducting the placement agent\u2019s fees and other estimated offering expenses. The Offering is expected to close on or about January 8, 2021 subject to the satisfaction of customary closing conditions.<\/p>\n<p align=\"justify\">Maxim Group LLC is acting as the sole placement agent in connection with the Offering.<\/p>\n<p align=\"justify\">The securities described above are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-248709) declared effective by the Securities and Exchange Commission on September 17, 2020. A prospectus supplement relating to the Offering is being filed with the Securities and Exchange Commission. Copies of the prospectus supplement relating to the offering, together with the accompanying base prospectus included in the registration statement, may be obtained from the Securities and Exchange Commission at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_vYp4EfAESJvoPc3-VHLGHEyvICsOEaUgCaKSPvYhLSl5FvPmRCamh7gM8YA6EhNbFPX1W9WJLOcGdUbYjtlIQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>, or from the Company at One Grand Central Place, Suite 4600, New York, New York 10165, Telephone (212) 949-4319. Electronic copies of the prospectus supplement and accompanying base prospectus may also be obtained from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at (212) 895-3745.<\/p>\n<p align=\"justify\">This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p align=\"justify\">\n        <strong>About PAVmed<\/strong>\n      <\/p>\n<p align=\"justify\">PAVmed Inc. is a highly differentiated, multi-product, commercial-stage medical device company employing a unique business model designed to advance innovative products to commercialization rapidly and with less capital than the typical medical device company. This proprietary model enables PAVmed to pursue an expanding pipeline strategy with a view to enhancing and accelerating value creation while seeking to further expand its pipeline through relationships with its network of clinician innovators at leading academic centers. PAVmed\u2019s diversified product pipeline addresses unmet clinical needs encompassing a broad spectrum of clinical areas with attractive regulatory pathways and market opportunities. Its four operating divisions include GI Health (EsoGuard<sup>\u00ae<\/sup> Esophageal DNA Test, EsoCheck<sup>\u00ae<\/sup> Esophageal Cell Collection Device, and EsoCure<sup>\u2122<\/sup> Esophageal Ablation Device with Caldus<sup>\u2122<\/sup> Technology), Minimally Invasive Interventions (CarpX<sup>\u00ae<\/sup> Minimally Invasive Device for Carpal Tunnel Syndrome), Infusion Therapy (PortIO<sup>\u2122<\/sup> Implantable Intraosseus Vascular Access Device and NextFlo<sup>\u2122<\/sup> Highly Accurate Infusion Platform Technology), and Emerging Innovations (non-invasive laser-based glucose monitoring, pediatric ear tubes, and mechanical circulatory support). For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1GuLtqba8KUJ-T8tJrNuXZbPwDmJmnN4pQti05p5MiZdNXsXbj0nLRgSSMnaBAQUleXKTxVw3ykOEvXoTDLqjA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.pavmed.com<\/a>, follow us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pTKr4U2eErEu8f9I3BlNY3t8v7JdHdyfjLGDzAp4aRvmZa15RlSPAqx4wx5oTOGzJSGF_e-nK-Cy0os3jS-7_Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, connect with us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9Hkkr1PT9SqrcPcs-Ud5-kRY7qg8ffEB9JvlrVZzQEcgqoTaBvW9fuBUpJKHEY060W5BEVVLPgGk2QTlgZuIiapAWnEef3EuGBnHzK4Nuew=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, and watch our videos on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=odqqxi1ik329p9tWnRnO8T-9AyBoDm0f0hjCjXjrnrN9UUsegcIPCBwlNw_ag7ibqBK3HPn0dduLi5PFtWh-cjKg4Fq6mWLYylvhmvOJU7XhDvEILf6Zq37KSb9i58Va\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">YouTube<\/a>. For more information on our majority owned subsidiary, Lucid Diagnostics Inc., please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NyXRm8RXUDdyunsglFkkR5QGYO3TRW60hlBq9C_6w4ciEOdMyBdMdQODH3Rjua0gJ_YBqJD-_iDFmwFDtJonyw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.luciddx.com<\/a>, follow Lucid on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pTKr4U2eErEu8f9I3BlNY9bVsSMlurprVjqV_S8rtuwFl-td0gPN1T9VtPQsm5xpI0jV9AhbG4ZyxR5QbscTZQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, and connect with Lucid on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9Hkkr1PT9SqrcPcs-Ud5-uqqeh_KUWzhnDi_jhYmyNDdAEkVFd6Kags7mucoFyTBERLvVwkwxLgEfYGiKNpMxt9YiUsqdeWyPt7NJEmMTmg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>. For detailed information on EsoGuard, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5Ne1pVZXHbkBLAgZbMmP4-IpFLqm1gZySwJRrBScUrKiweymRyWL1tsDkXwH4HDHjvxQVydhaJsYbkMXmzr1Tw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.EsoGuard.com<\/a> and follow us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pTKr4U2eErEu8f9I3BlNYyu2AX69NqV1xmnKmn7RPC1au4LqqOOrcmzmzCEMTpzlwxTdZguY__B9xxuVqwhMxQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RLiWvDx02crNeXbpR-EIrjmOianiXJACcVBPK4gdHjAt-9GyMNRk0rdJkkzGtaTLJCKmNGs2LE9I-KMUElCuxw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yl0h7TsT6wGJXo_toCkmO6S0mcS9PXWOAWJ0EcJ-mGDHCSl1R5dBt9rBuUY40XXwVJY-ANarDwYY1u-pqsBdWfxOg46to402_aw8miKuSIM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Instagram<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of PAVmed\u2019s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things, PAVmed\u2019s ability to complete the offering; volatility in the price of PAVmed\u2019s common stock, Series W Warrants and Series Z Warrants; general economic and market conditions; the uncertainties inherent in research and development, including the cost and time required advance PAVmed\u2019s products to regulatory submission; whether regulatory authorities will be satisfied with the design of and results from PAVmed\u2019s preclinical studies; whether and when PAVmed\u2019s products are cleared by regulatory authorities; market acceptance of PAVmed\u2019s products once cleared and commercialized; our ability to raise additional funding and other competitive developments. PAVmed has not yet received clearance from the FDA or other regulatory body to market many of its products. The Company has been monitoring the COVID-19 pandemic and its impact on our business. The Company expects the significance of the COVID-19 pandemic, including the extent of its effect on the Company\u2019s financial and operational results, to be dictated by, among other things, the success of efforts to contain it and the impact of actions taken in response. New risks and uncertainties may arise from time to time and are difficult to predict. All of these factors are difficult or impossible to predict accurately and many of them are beyond PAVmed\u2019s control. For a further list and description of these and other important risks and uncertainties that may affect PAVmed\u2019s future operations, see Part I, Item IA, \u201cRisk Factors,\u201d in PAVmed\u2019s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, as the same may be updated in Part II, Item 1A, \u201cRisk Factors\u201d in any Quarterly Report on Form 10-Q filed by PAVmed after its most recent Annual Report. PAVmed disclaims any intention or obligation to publicly update or revise any forward-looking statement to reflect any change in its expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.<\/p>\n<p align=\"justify\">\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <u>Investors<\/u><br \/>\n        <br \/>Mike Havrilla<br \/>Director of Investor Relations<br \/>(814) 241-4138<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FQpK62ToQmb9GMnAraqg_UfyvjSOVHIB-jwnseMCmP-dYjIUKFby0tS2zShkMTM8pXIJMqe_ykxgz40EGTtHqQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">JMH@PAVmed.com<\/a><\/p>\n<p align=\"justify\">\n        <u>Media<\/u><br \/>\n        <br \/>Shaun O\u2019Neil<br \/>Chief Commercial Officer<br \/>(518) 812-3087<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_aB5qftwxGqmUpykWUbV1JOdAXL7hiePgFWqgbTQT4cFELxDwrKYHl3N94qEV08-eC5iF5mrWy2K0MupFTnRsQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">SMO@PAVmed.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMTI0NiMzOTA2NDIyIzUwMDA0OTg1OA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/78714b81-7a2c-4436-8fe6-81e2c72fa852\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the \u201cCompany\u201d or \u201cPAVmed\u201d), a highly differentiated, multi-product, commercial-stage medical device company, today announced\u00a0it has entered into agreements for the sale of 6.0 million shares of common stock at a price of $2.24 per share for gross proceeds of approximately $13.4 million in a registered direct offering (the \u201cOffering\u201d) priced at-the-market under Nasdaq rules. The estimated net proceeds to PAVmed from the Offering are expected to be approximately $12.4 million after deducting the placement agent\u2019s fees and other estimated offering expenses. The Offering is expected to close on or about January 8, 2021 subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409612","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the \u201cCompany\u201d or \u201cPAVmed\u201d), a highly differentiated, multi-product, commercial-stage medical device company, today announced\u00a0it has entered into agreements for the sale of 6.0 million shares of common stock at a price of $2.24 per share for gross proceeds of approximately $13.4 million in a registered direct offering (the \u201cOffering\u201d) priced at-the-market under Nasdaq rules. The estimated net proceeds to PAVmed from the Offering are expected to be approximately $12.4 million after deducting the placement agent\u2019s fees and other estimated offering expenses. The Offering is expected to close on or about January 8, 2021 subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as &hellip; Continue reading &quot;PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T14:32:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMTI0NiMzOTA2NDIyIzUwMDA0OTg1OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules\",\"datePublished\":\"2021-01-06T14:32:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\\\/\"},\"wordCount\":967,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMTI0NiMzOTA2NDIyIzUwMDA0OTg1OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\\\/\",\"name\":\"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/","og_locale":"en_US","og_type":"article","og_title":"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules - Market Newsdesk","og_description":"NEW YORK, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the \u201cCompany\u201d or \u201cPAVmed\u201d), a highly differentiated, multi-product, commercial-stage medical device company, today announced\u00a0it has entered into agreements for the sale of 6.0 million shares of common stock at a price of $2.24 per share for gross proceeds of approximately $13.4 million in a registered direct offering (the \u201cOffering\u201d) priced at-the-market under Nasdaq rules. The estimated net proceeds to PAVmed from the Offering are expected to be approximately $12.4 million after deducting the placement agent\u2019s fees and other estimated offering expenses. The Offering is expected to close on or about January 8, 2021 subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as &hellip; Continue reading \"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-06T14:32:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMTI0NiMzOTA2NDIyIzUwMDA0OTg1OA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules","datePublished":"2021-01-06T14:32:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/"},"wordCount":967,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMTI0NiMzOTA2NDIyIzUwMDA0OTg1OA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pavmed-announces-registered-direct-offering-of-its-common-stock-priced-at-the-market-under-nasdaq-rules\/","name":"PAVmed Announces Registered Direct Offering of its Common Stock Priced At-the-Market under Nasdaq Rules - 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