Deal sells 6 million common shares at $0.417 apiece, a 91.59% discount
By Devika Patel
Knoxville, Tenn., Nov. 28 - Lexon Technologies Inc. settled a $2.5 million private placement of stock on Nov. 23, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 6 million common shares. The price per share, of about $0.417, is a 91.59% discount to $4.96, the Nov. 22 closing share price.
Based in Dublin, Pa., Lexon is a technology transfer company focused on developing and marketing technology for security, defense, law enforcement and humanitarian purposes.
| Issuer: | Lexon Technologies Inc.
|
| Issue: | Common stock
|
| Amount: | $2.5 million
|
| Shares: | 6 million
|
| Price: | $0.417 (approximate)
|
| Warrants: | No
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| Settlement date: | Nov. 23
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| Stock symbol: | OTCBB: LEXO
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| Stock price: | $4.96 at close Nov. 23
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| Market capitalization: | $2.44 million
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