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RFID systems maker VeriChip Corporation files terms

January 22, 2007

VeriChip Corporation, which develops and sells radio frequency identification (RFID) systems, primarily for use in the healthcare industry, filed the terms for its IPO on Monday. The company plans to offer 4.3 million shares at a range of $6.50-$7.50, giving it a proposed market cap of $90 million. Merriman Curhan Ford is managing the deal. Timing has yet to be announced.