By Devika Patel
Knoxville, Tenn., Dec. 16 - WorldGate Communications, Inc. completed a $1.45 million private placement of shares on Dec. 12, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 203 million shares to WGI Investors, LLC in exchange for the cash infusion and cancellation of debentures held by WGI.
The debentures were previously held by YA Global.
Trevose, Pa.-based WorldGate designs, manufactures and distributes the Ojo line of personal video phones.
| Issuer: | WorldGate Communications, Inc.
|
| Issue: | Shares
|
| Amount: | $1.45 million
|
| Shares: | 203 million
|
| Warrants: | No
|
| Investor: | WGI Investors, LLC
|
| Settlement date: | Dec. 12
|
| Stock symbol: | OTCBB: WGAT
|
| Stock price: | $0.07 at close Dec. 12
|
| Market capitalization: | $21.6 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
