Company sells 1,333,333 of its shares at $6.00 per share through deal
By Devika Patel
Knoxville, Tenn., July 30 – Eco-Stim Energy Solutions Inc. said it raised $2.3 million in the first tranche of an $8 million private placement of stock on July 24, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal was announced on Jan. 27 and priced on July 9.
The company is selling 1,333,333 common shares at $6.00 per share, a 4% discount to the July 8 closing share price of $6.25. It sold 383,733 shares to 17 investors in this tranche.
Wunderlich Securities, Inc. was paid a $177,240 cash commission.
The shell company is based in Houston.
| Issuer: | Eco-Stim Energy Solutions Inc.
|
| Issue: | Common stock
|
| Amount: | $8 million
|
| Shares: | 1,333,333
|
| Price: | $6.00
|
| Warrants: | No
|
| Announcement date: | Jan. 27
|
| Pricing date: | July 9
|
| Settlement date: | July 24 (for $2,302,400)
|
| Stock symbol: | OTCBB: ESES
|
| Stock price: | $6.25 at close July 8
|
| Market capitalization: | $39.88 million
|
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