a21 reduces strike price of warrants sold by shareholder

By Sheri Kasprzak

New York, Oct. 11 - a21, Inc. has reduced the strike price of warrants that were sold by one of its shareholders to other investors.

a21 received all of the proceeds from the exercise of the warrants traded to five institutional investors by Barron Partners LP.

Barron sold 21,114,000 warrants for shares of a21 to StarVest Partners, LP; Ahab Partners, LP; Ahab International, Ltd.; Aslan Capital Management, LLC; and CRT Capital Group, LLC at a reduced price of $0.185 each. All of the warrants were purchased at the reduced price.

Barron Partners had held warrants for 4.59 million shares exercisable at $0.20 each, 4.59 million shares exercisable at $0.225 each, 4.59 million shares exercisable at $0.45 each, 3,672,000 share exercisable at $0.90 each and 3,672,000 shares exercisable at $1.35 each.

Based in Jacksonville, Fla., a21 is a digital photo imagery distribution company serving professional photographers, art galleries and museums.

The company's stock gained a penny to close at $0.24 Tuesday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.