Deal sells 10,633,336 shares at $0.036 through Boenning & Scattergood
By Devika Patel
Knoxville, Tenn., April 28 – Lattice Inc. completed a $382,800 private placement of shares on April 22, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 10,633,336 common shares at $0.036 apiece, a 48.57% discount to the April 21 closing share price of $0.07.
Boenning & Scattergood, Inc. was the agent.
The telecommunications company is based in Pennsauken, N.J.
| Issuer: | Lattice Inc.
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| Issue: | Common shares
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| Amount: | $382,800
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| Shares: | 10,633,336
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| Price: | $0.036
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| Warrants: | No
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| Agent: | Boenning & Scattergood, Inc.
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| Settlement date: | April 22
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| Stock symbol: | OTCBB: LTTC
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| Stock price: | $0.07 at close April 21
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| Market capitalization: | $6.18 million
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