Offering consists of 1.5 million common shares sold at $1.50 per share
By Devika Patel
Knoxville, Tenn., Nov. 13 - American Retail Alliance, Corp. priced its $3 million initial public offering of stock in a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 2 million common shares at $1.50 per share.
Proceeds will be used for inventory, marketing and advertising, working capital and repayment of debt.
The distributor of a variety of consumer non-durable and durable products made by third-party manufacturers is based in Belleair Bluffs, Fla.
| Issuer: | American Retail Alliance, Corp.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 2 million
|
| Price: | $1.50
|
| Warrants: | No
|
| Pricing date: | Nov. 13
|
© 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.
