Trimedyne Completes Offering: Trimedyne Inc. said Thursday...

Trimedyne Completes Offering: Trimedyne Inc. said Thursday that it has completed a $4.1-million private offering of 480,400 shares of common stock and 120,100 five-year warrants. The money raised will be used to expand the company’s product line and increase its working capital. The Irvine-based company manufactures laser systems for surgical and cardiovascular purposes. The company sold $9.5 million in stock and warrants in February. The warrants have no public market value but are worth $10.31 each if used to buy one share of Trimedyne stock.