By Laura Lutz
Des Moines, Nov. 6 - uWink, Inc. arranged a $10.25 million private placement of units, according to an 8-K filing with the Securities and Exchange Commission.
uWink said that investors have agreed to buy 5,125,000 units of one share and one warrant at $2.00 per unit. Each warrant is exercisable at $2.40 for five years.
Merriman Curhan Ford & Co. is the lead placement agent.
The placement was expected to include up to 5.5 million units when the placement agency agreement was completed, on Monday.
uWink is a restaurant operator based in Van Nuys, Calif.
Issuer: | uWink, Inc.
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Issue: | Units of one share and one warrant
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Amount: | $10.25 million
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Units: | 5,125,000
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Price: | $2.00
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Warrants: | One per unit
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Warrant expiration: | Five years
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Warrant strike price: | $2.40
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Agent: | Merriman Curhan Ford & Co.
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Announcement date: | Nov. 6
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Stock symbol: | OTCBB: UWKI
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Stock price: | $2.50 at close Nov. 6
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