By Devika Patel
Knoxville, Tenn., Nov. 12 - Amacore Group, Inc. completed a $2.5 million private placement of its series I convertible preferred stock on Nov. 6, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 250 preferreds to Vicis Capital Master Fund.
Vicis also received warrants for 28,125,000 class A common shares.
Based in Tampa, Fla., Amacore provides health-related membership benefit programs and insurance programs to individuals, families and employer groups in the United States.
| Issuer: | Amacore Group, Inc.
|
| Issue: | Series I convertible preferred stock
|
| Amount: | $2.5 million
|
| Shares: | 250
|
| Warrants: | For 28,125,000 shares
|
| Investor: | Vicis Capital Master Fund
|
| Settlement date: | Nov. 6
|
| Stock symbol: | OTCBB: ACGI
|
| Stock price: | $0.18 at close Nov. 6
|
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