Published on 10/15/2008 in the Prospect News PIPE Daily.
New Issue: Interstate Data takes in $1.08 million from placement of shares
By Devika Patel
Knoxville, Tenn., Oct. 15 - Interstate Data USA, Inc. completed a $1.08 million private placement of stock on Oct. 10, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 358,333 common shares at $3.00 apiece.
Interstate Data focuses on providing online custom trip planning with detailed interstate information to travelers in the United States. The private company is based in Houston.
Issuer: | Interstate Data USA, Inc.
|
Issue: | Common shares
|
Amount: | $1,074,999
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Shares: | 358,333
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Price: | $3.00
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Warrants: | No
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Settlement date: | Oct. 10
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