Deal includes warrants for 2.65 million shares, exercisable at $0.05
By Devika Patel
Knoxville, Tenn., Aug. 16 - Alliqua, Inc. completed a $265,000 private placement of stock on Aug. 14, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 5.3 million common shares at $0.05 per share. The price per share reflects a 25% premium to the Aug. 13 closing share price of $0.04.
Investors also received warrants for 2.65 million shares, which are each exercisable at $0.05 for five years. The strike price is also 25% premium to the Aug. 13 price.
The biomedical products company is based in New York.
| Issuer: | Alliqua, Inc.
|
| Issue: | Common stock
|
| Amount: | $265,000
|
| Shares: | 5.3 million
|
| Price: | $0.05
|
| Warrants: | For 2.65 million shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.05
|
| Settlement date: | Aug. 14
|
| Stock symbol: | OTCBB: ALQA
|
| Stock price: | $0.04 at close Aug. 13
|
| Market capitalization: | $8.35 million
|
© 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.
