Heska begins $125M private fundraiser to cover latest acquisition

LOVELAND — Heska Corp. (Nasdaq: HSKA) is issuing $125 million in equity to cover the cost of its acquisition of a European veterinary diagnostics company and its larger efforts to globalize.

The Loveland company said it has secured four investment groups in a deal dated Jan. 12 to provide the capital in exchange for preferred stock that can convert to common stock with voting powers at a later date, according to filings with the U.S. Securities and Exchange Commission.

Heska can convert those 1,501,751 shares with the approval of shareholders at its next…