AMP Holding sells another $150,000 of shares via private placement

Offering raises a total of $2.19 million through multiple tranches

By Devika Patel

Knoxville, Tenn., Sept. 17 - AMP Holding Inc. settled a $150,000 tranche of a $2.19 million private placement of stock on Sept. 16, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company raised $2.04 million in the placement from March 15 through Aug. 27.

The company sold a total of 5,473,500 common shares at $0.40 apiece. The price per share reflects a 42.03% discount to $0.69, the Sept. 15 closing share price.

John Carris Investments LLC was the agent.

The Overland Park, Kan., company designs, markets and sells modified automobiles.

Issuer:	AMP Holding Inc.
Issue:	Common stock
Amount:	$2,189,400
Shares:	5,473,500
Price:	$0.40
Warrants:	No
Agent:	John Carris Investments LLC
Settlement date:	July 22 (for $1,389,400), Aug. 27 (for $650,000), Sept. 16 (for $150,000)
Stock symbol:	OTCBB: AMPD
Stock price:	$0.69 at close Sept. 15
Market capitalization:	$10.32 million

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