Company selling between 200,000 and 1 million common shares in deal
By Devika Patel
Knoxville, Tenn., Sept. 2 – GEX Management, Inc. priced its $1.5 million initial public offering of stock, according to a form S-1 filed Friday with the Securities and Exchange Commission.
The company will sell between 200,000 and 1 million common shares at $1.50 apiece on a best-efforts basis.
Proceeds will be used for marketing, advertising, additional staffing, salaries, commissions and general corporate overhead.
The Dallas company provides back office and general business consulting services.
| Issuer: | GEX Management, Inc.
|
| Issue: | Common stock
|
| Amount: | $300,000 (minimum), $1.5 million (maximum)
|
| Shares: | 200,000 (minimum), 1 million (maximum)
|
| Price: | $1.50
|
| Warrants: | No
|
| Pricing date: | Sept. 2
|
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