Deal sells 3,335,000 shares at $0.10 apiece with three-year warrants
By Devika Patel
Knoxville, Tenn., June 4 - LED Lighting Co. settled a $333,500 private placement of stock on May 28, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 3,335,000 common shares at $0.10 per share.
Investors also received three-year warrants for 3,335,000 shares, each exercisable at $1.00.
The private Sausalito, Calif., company markets and sells LED lighting products.
| Issuer: | LED Lighting Co.
|
| Issue: | Common stock
|
| Amount: | $333,500
|
| Shares: | 3,335,000
|
| Price: | $0.10
|
| Warrants: | For 3,335,000 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $1.00
|
| Settlement date: | May 28
|
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