Company sells stock at $1.43, a 10.06% discount to closing share price
By Devika Patel
Knoxville, Tenn., March 4 - Kunekt Corp. completed a private placement of stock, according to an 8-K filed Friday with the Securities and Exchange Commission. The $1.75 million deal settled March 3.
The company sold 1,223,777 common shares at $1.43 apiece. The per-share price reflects a 10.06% discount to the closing share price of $1.59 on March 2.
The Carson City, Nev., company makes mobile devices.
| Issuer: | Kunekt Corp.
|
| Issue: | Common stock
|
| Amount: | $1.75 million
|
| Shares: | 1,223,777
|
| Price: | $1.43
|
| Warrants: | No
|
| Settlement date: | March 3
|
| Stock symbol: | Pink Sheets: KNKT
|
| Stock price: | $1.80 at close March 3
|
| Market capitalization: | $108.5 million
|
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