Company intends to offer 10 million common shares at $2.00 per share
By Devika Patel
Knoxville, Tenn., Dec. 14 - Kaleo Media Entertainment, Inc. plans a $20 million direct public offering of stock, according to a press release from agent CapitalDPO, Inc.
The company will sell 10 million common shares at $2.00 per share.
CapitalDPO expects the offering to be filed with the Securities and Exchange Commission sometime during the first quarter of 2012 and approval to be received sometime during the second or third quarter of 2012.
Kaleo is a media company. It will use the proceeds from the offering for marketing, movie production in domestic and international markets and working capital.
| Issuer: | Kaleo Media Entertainment, Inc.
|
| Issue: | Common stock
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| Amount: | $20 million
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| Shares: | 10 million
|
| Price: | $2.00
|
| Warrants: | No
|
| Agent: | CapitalDPO, Inc.
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| Pricing date: | Dec. 14
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