By Sheri Kasprzak
Atlanta, June 30 - Kana Software, Inc. said it has raised $2,399,996 from a private placement.
The offering includes 1,631,541 shares at $1.471 each sold to a group of institutional investors led by NightWatch Capital Partners, LP and NightWatch Capital Partners II, LP, and including RHP Master Fund, Ltd.
NightWatch bought $2 million of the offering.
The investors also received warrants for 815,769 shares, exercisable at $2.452 each through Dec. 27.
The proceeds will go towards working capital.
Based in Menlo Park, Calif., Kana develops consumer relationship management software.
| Issuer: | Kana Software, Inc.
|
| Issue: | Stock
|
| Amount: | $2,399,996
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| Shares: | 1,631,541
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| Price: | $1.471
|
| Warrants: | For 815,769 shares
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| Warrant expiration: | Dec. 27
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| Warrant strike price: | $2.452
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| Investors: | NightWatch Capital Partners, LP and NightWatch Capital Partners II, LP(lead); RHP Master Fund, Ltd.
|
| Settlement date: | June 30
|
| Stock price: | $1.60 at close June 30
|
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