By Sheri Kasprzak
New York, Sept. 30 - KANA Software, Inc. said it settled a $4 million private placement.
The company issued 2,626,912 shares at $1.5227 each to institutional investors, including NightWatch Capital.
The investors received warrants for 945,688 shares, exercisable at $2.284 each.
Proceeds will be used for working capital.
Based in Menlo Park, Calif., KANA produces customer service software.
| Issuer: | KANA Software, Inc.
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| Issue: | Stock
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| Amount: | $4 million
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| Shares: | 2,626,912
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| Price: | $1.5227
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| Warrants: | For 945,688 shares
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| Warrant strike price: | $2.284
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| Investors: | NightWatch Capital, others
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| Settlement date: | Sept. 30
|
| Stock price: | $1.54 at close Sept. 29
|
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