Published on 2/7/2008 in the Prospect News PIPE Daily.
New Issue: Exobox raises $2.43 million from private placement of units
By Devika Patel
Knoxville, Tenn., Feb. 7 - Exobox Technologies Corp. said it raised $2.43 million from a private placement of units.
The company sold 97 units of 250,000 common shares and a warrant to purchase 50,000 common shares at $25,000 per unit.
The warrant is exercisable at $1.00 per share.
Based in Houston, Exobox is a network and end point security development and licensing company.
Issuer: | Exobox Technologies Corp.
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Issue: | Units of 250,000 common shares and a warrant to purchase 50,000 common shares
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Amount: | $2,425,000
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Units: | 97
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Price: | $25,000
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Warrants: | One warrant per unit
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Warrant strike price: | $1.00
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Settlement date: | Feb. 7
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Stock symbol: | Pink Sheets: EXBX
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Stock price: | $0.39 at close Feb. 7
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