By Sheri Kasprzak
Atlanta, Jan. 12 - eMerge Interactive Inc. received agreements for a $4.06 million private placement.
The company sold 2.9 million shares at $1.40 each.
Investors in the offering will also receive warrants for 435,000 shares at $1.75 each for five years.
The transaction is in addition to the $4 million raised in December.
The new issue is scheduled to close in 15 days.
Based in Sebastian, Fla., eMerge is a technology company that serves the agricultural, foodservice and healthcare industries. The proceeds will be used to develop commercial opportunities for its food safety and traceability products.
Issuer: | eMerge Interactive Inc.
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Issue: | Stock
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Amount: | $4.06 million
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Shares: | 2.9 million
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Price: | $1.40
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Warrants: | For 435,000 shares
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Warrant expiration: | Five years
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Warrant strike price: | $1.75
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Announcement date: | Jan. 12
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Stock price: | $1.48 at close Jan. 12
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