Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Isco International, Inc. > News item |
Investors satisfy short-swing profit demands from Isco International stock sale
By Sheri Kasprzak
New York, Aug. 9 - Isco International, Inc. said Tuesday that the investors in a $4.4 million private placement of shares have paid short-swing profits due under certain conditions of the offering.
Grace Brothers Ltd., Elliott Associates LP and Elliott International LP paid a total of $626,522 in short-swing payments.
According to the purchase agreement, entered into on July 25, the investors agreed to buy 20 million shares at $0.22 each. That transaction closed on Aug. 2.
The short-swing payments were made after Isco issued a letter of demand.
Based in Elk Grove Village, Ill., Isco International develops products that eliminate or reduce interference in wireless devices.
On Tuesday, its stock lost a penny to end at $0.25.
© 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.