Company sells 2.5 million units of one share and a half-share warrant
By Devika Patel
Knoxville, Tenn., May 23 - AlphaPoint Technology, Inc. settled a $250,000 private placement of units on May 21, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 2.5 million units of one common share and one half-share warrant at $0.10 per unit. Each whole warrant is exercisable at $0.05 for five years. The strike price reflects an 81.48% discount to the May 20 closing share price of $0.27.
Based in Sarasota, Fla., Alphapoint has developed AssetCentral, a visual modeling IT asset management software product that enables data centers and IT infrastructure managers to accurately count, track, manage and report all physical IT assets, their location and respective information through any web browser.
| Issuer: | AlphaPoint Technology, Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $250,000
|
| Units: | 2.5 million
|
| Price: | $0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.05
|
| Settlement date: | May 21
|
| Stock symbol: | OTCBB: APPO
|
| Stock price: | $0.27 at close May 20
|
| Market capitalization: | $8.24 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.
