Investor Pernix Therapeutics buys 2,631,579 shares at $0.38 per share
By Devika Patel
Knoxville, Tenn., Sept. 14 - AMHN, Inc. negotiated a $1 million private placement of stock with Pernix Therapeutics, LLC on Sept. 8, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 2,631,579 common shares at $0.38 apiece. The per-share price represents a 3,700% premium to the Sept. 7 closing share price of $0.01.
AMHN operates through its wholly owned subsidiary, America's Minority Health Network, Inc., a Burbank, Calif., provider of digital video education for medical practices that primarily service minorities.
| Issuer: | AMHN, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 2,631,579
|
| Price: | $0.38
|
| Warrants: | No
|
| Investor: | Pernix Therapeutics, LLC
|
| Pricing date: | Sept. 8
|
| Stock symbol: | OTCBB: AMHN
|
| Stock price: | $0.02 at close Sept. 8
|
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