By Devika Patel
Knoxville, Tenn., Feb. 5 - HSW International, Inc. completed two private placements of stock, raising $16.85 million, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
In the first deal, on Jan. 31, the company sold 1,579,348 shares to Nordinvest and Deka Investment GmbH for $5,812,000.
In the second deal, on Feb. 1, the company sold 3 million shares to DWS Finanz-Service GmbH for $11.04 million.
The shares in both deals were priced at $3.68.
The company had said earlier that it expected to raise $27 million from the deals.
Atlanta-based HSW operates internet businesses that provide information to consumers in emerging digital economies.
| Issuer: | HSW International, Inc.
|
| Issue: | Shares
|
| Amount: | $16,852,000
|
| Warrants: | No
|
| Stock symbol: | Nasdaq: HSWI
|
|
|
| First deal
|
| Amount: | $5,812,000
|
| Shares: | 1,579,348
|
| Price: | $3.68
|
| Investors: | Nordinvest and Deka Investment GmbH
|
| Settlement date: | Jan. 31
|
| Stock price: | $4.01 at close Jan. 31
|
|
|
| Second deal
|
| Amount: | $11.04 million
|
| Shares: | 3 million
|
| Price: | $3.68
|
| Investor: | DWS Finanz-Service GmbH
|
| Settlement date: | Feb. 1
|
| Stock price: | $3.84 at close Feb. 1
|
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