Company offers 500,000 of its common shares at $2.00 per share in deal
By Devika Patel
Knoxville, Tenn., April 4 - AFH Acquisition VII, Inc. settled a $1 million private placement of stock on April 1, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 500,000 common shares at $2.00 per share.
Based in Beverly Hills, Calif., AFH is a private special purpose company formed to acquire businesses that are or are associated with automotive dealerships.
| Issuer: | AFH Acquisition VII, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 500,000
|
| Price: | $2.00
|
| Warrants: | No
|
| Settlement date: | April 1
|
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