 Biomerica Inc. NASDAQ: BMRA the Company or Biomerica announced today that the Company completed a private placement of 2 million of convertible preferred stock with Palm Global Small Cap Master Fund LP Palm. The preferred shares are initially convertible into shares of the Companys common stock at a price of 3.50 per share. This represents a premium to the market price of the Companys common stock at the time of closing. 