By Devika Patel
Knoxville, Tenn., Feb. 5 - KeyOn Communications Holdings, Inc. settled a $15 million private placement of a secured convertible note on Feb. 5, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced on Feb. 1.
The 8% note is due Feb. 5, 2015. It is initially convertible into series cal cap preferred stock at $0.75 per preferred. The preferreds pay 10% in dividends.
Omaha, Neb.-based KeyOn Communications Holdings specializes in providing wireless broadband and voice-over internet protocol services in small to midsized and rural markets.
| Issuer: | KeyOn Communications Holdings, Inc.
|
| Issue: | Secured convertible note
|
| Amount: | $15 million
|
| Maturity: | Feb. 5, 2015
|
| Coupon: | 8%
|
| Price: | Par
|
| Yield: | 8%
|
| Conversion price: | $0.75
|
| Warrants: | No
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 5
|
| Stock symbol: | OTCBB: KEYO
|
| Stock price: | $2.80 at close Feb. 1
|
| Market capitalization: | $57.8 million
|
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