Published on 2/20/2008 in the Prospect News PIPE Daily.
New Issue: HSW takes in $18.4 million from private placement of shares
By Devika Patel
Knoxville, Tenn., Feb. 20 - HSW International, Inc. settled a private placement of stock, raising $18.4 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
On Feb. 15, the company sold 5 million shares at $3.68 per share to Eastern Advisors Fund LP and Eastern Advisors Offshore Fund Ltd.
Atlanta-based HSW operates internet businesses that provide information to consumers in emerging digital economies.
| Issuer: | HSW International, Inc.
|
| Issue: | Shares
|
| Amount: | $18.4 million
|
| Shares: | 5 million
|
| Price: | $3.68
|
| Warrants: | No
|
| Investor: | Eastern Advisors Fund LP, Eastern Advisors Offshore Fund Ltd.
|
| Settlement date: | Feb. 15
|
| Stock symbol: | Nasdaq: HSWI
|
| Stock price: | $3.49 at close Feb. 15
|
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