Convertible preferreds purchased by RW LSG, PCA LSG and LSGC Holdings
By Devika Patel
Knoxville, Tenn., Sept. 13 - Lighting Science Group Corp. raised $17.39 million in a private placement of its series J convertible preferred stock on Sept. 11, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 17,394 preferreds at $1,000 apiece. The preferreds are each convertible into common stock at $0.95 per share, which is a 156.76% premium to the Sept. 10 closing share price of $0.37.
RW LSG Holdings LLC, PCA LSG Holdings, LLC and LSGC Holdings II LLC were the investors.
The Satellite Beach, Fla.-based company makes lighting devices and systems that use light-emitting diodes as the light source.
| Issuer: | Lighting Science Group Corp.
|
| Issue: | Series J convertible preferred stock
|
| Amount: | $17,394,000
|
| Shares: | 17,394
|
| Price: | $1,000
|
| Conversion price: | $0.95
|
| Warrants: | No
|
| Investors: | RW LSG Holdings LLC, PCA LSG Holdings, LLC and LSGC Holdings II LLC
|
| Settlement date: | Sept. 11
|
| Stock symbol: | OTCBB: LSCG
|
| Stock price: | $0.37 at close Sept. 10
|
| Market capitalization: | $72.56 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
