By Sheri Kasprzak
Atlanta, June 29 - i2 Technologies, Inc. said it has completed a private placement for $15 million.
The company sold 1,923,077 shares at $7.80 each to Q Investments Ltd. The price per share is the company's closing stock price on June 23 when the offering was approved by i2's board of directors.
The investment brings Q Investments' equity holdings in i2 to 7.6 million shares, or 30% ownership.
In other news, the company announced that Pranav Parikh has stepped down as a member of its board of directors. Randy Eisenman has been nominated by Q Investments to the board.
Dallas-based i2 provides services to the supply chain sector.
Issuer: | i2 Technologies, Inc.
|
Issue: | Stock
|
Amount: | $15 million
|
Shares: | 1,923,077
|
Price: | $7.80
|
Warrants: | No
|
Investor: | Q Investments Ltd.
|
Settlement date: | June 29
|
Stock price: | $7.60 at close June 28
|
|
© 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.