Private shell company sells 1 million common shares at $1.02 per share
By Devika Patel
Knoxville, Tenn., Aug. 24 - Expedite 5, Inc. completed a $1.02 million private placement of stock on Aug. 19, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced Aug. 15.
The company sold 1 million common shares at $1.02 apiece.
Expedite 5 is a private shell company based in London.
| Issuer: | Expedite 5, Inc.
|
| Issue: | Common stock
|
| Amount: | $1.02 million
|
| Shares: | 1 million
|
| Price: | $1.02
|
| Warrants: | No
|
| Pricing date: | Aug. 15
|
| Settlement date: | Aug. 19
|
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