Deal sells 104.52 units of 12,500 shares, warrants for 12,500 shares
By Devika Patel
Knoxville, Tenn., Aug. 10 - AirTouch Communications, Inc. settled a $2.61 million private placement of stock on Aug. 5, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 104.52 units of 12,500 common shares and warrants for 12,500 shares at $25,000.00 per unit.
The warrants are exercisable at $3.00 for two years. The strike price is a 21.05% discount to the Aug. 4 closing share price of $3.80.
Based in Dana Point, Calif., AirTouch, formerly Waxess Holdings, Inc., is a technology company that develops and markets phone terminals capable of converging traditional landline, cellular and data services.
| Issuer: | AirTouch Communications, Inc.
|
| Issue: | Units of 12,500 common shares and warrants for 12,500 shares
|
| Amount: | $2,613,000
|
| Units: | 104.52
|
| Price: | $25,000.00
|
| Warrants: | Warrants for 25,000 shares per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $3.00
|
| Settlement date: | Aug. 5
|
| Stock symbol: | OTCBB: WXSS
|
| Stock price: | $3.80 at close Aug. 5
|
| Market capitalization: | $39.68 million
|
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