Published on 12/16/2009 in the Prospect News PIPE Daily.
New Issue: Enova Systems settles $9.02 million private placement of common shares
By Devika Patel
Knoxville, Tenn., Dec. 16 - Enova Systems, Inc. concluded a $9.02 million private placement of stock on Dec. 15, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 9,024,960 common shares at $1.00 per share to some Special Situations Funds, Stitching Shell Pensioenfonds, Shell Contributory Pension Fund, Shell Overseas Contributory Pension Fund, Silicon Prairie Partners, LLP and Eruca Ltd.
Based in Torrance, Calif., Enova makes digital power-control systems for automobile engines.
Issuer: | Enova Systems, Inc.
|
Issue: | Common stock
|
Amount: | $9,024,960
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Shares: | 9,024,960
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Price: | $1.00
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Warrants: | No
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Investors: | Special Situations Funds, Stitching Shell Pensioenfonds, Shell Contributory Pension Fund, Shell Overseas Contributory Pension Fund, Silicon Prairie Partners, LLP and Eruca Ltd.
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Settlement date: | Dec. 15
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Stock symbol: | Amex: ENA
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Stock price: | $1.18 at close Dec. 15
|
Market capitalization: | $26 million
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