Todd L. Phillips purchases common shares at $4.88 per share in deal
By Devika Patel
Knoxville, Tenn., Jan. 5 – Industrial Services of America, Inc. settled a $39,997 private placement of stock with Todd L. Phillips on Dec. 31, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 8,196 common shares at $4.88 per share. The price per share is identical to the Dec. 30 closing share price.
The Louisville, Ky., company is a recycler of stainless steel, ferrous and non-ferrous scrap and provider of waste services.
| Issuer: | Industrial Services of America, Inc.
|
| Issue: | Common stock
|
| Amount: | $39,997
|
| Shares: | 8,196
|
| Price: | $4.88
|
| Warrants: | No
|
| Investor: | Todd L. Phillips
|
| Settlement date: | Dec. 31
|
| Stock symbol: | Nasdaq: IDSA
|
| Stock price: | $4.88 at close Dec. 30
|
| Market capitalization: | $45.75 million
|
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