Published on 4/21/2008 in the Prospect News PIPE Daily.
New Issue: Amacore raises $3 million from placement of convertible preferreds
By Devika Patel
Knoxville, Tenn., April 21 - Amacore Group, Inc. announced a $3 million private placement of convertible preferred shares with Vicis Capital Master Fund.
The preferreds are convertible at a peg price of $5.00. The company said it completed a similar sale with Vicis in October.
Tampa, Fla.-based Amacore provides vision care benefits.
| Issuer: | Amacore Group, Inc.
|
| Issue: | Convertible preferred stock
|
| Amount: | $3 million
|
| Conversion price: | $5.00
|
| Warrants: | No
|
| Investor: | Vicis Capital Master Fund
|
| Pricing date: | April 21
|
| Stock symbol: | OTCBB: ACGI
|
| Stock price: | $0.45 at close April 18
|
© 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.
