By Sheri Kasprzak
Atlanta, Nov. 22 - eMerge Interactive Inc. raised $4 million in a private placement, the company said Monday.
The offering consists of 2.5 million shares at $1.60 each. The deal also includes warrants for 875,000 shares at $2.
Investors will also have the right to buy an additional $2 million of securities in the offering by buying up to 1.25 million shares at $1.60 per share.
The company expects the deal to close in the next 15 days.
Based in Sebastian, Fla., eMerge is an agriculture, food-service and healthcare technology company.
| Issuer: | eMerge Interactive Inc.
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| Issue: | Stock and warrants
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| Amount: | $4 million
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| Shares: | 2.5 million
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| Price: | $1.60
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| Warrants: | For 875,000 shares
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| Warrant strike price: | $2
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| Announcement date: | Nov. 22
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| Stock price: | $1.90 at close Nov. 22
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