Series J preferreds sold with warrants to multiple investors in deal
By Devika Patel
Knoxville, Tenn., Jan. 8 - Lighting Science Group Corp. completed a $17.43 million private placement of its series J convertible preferred stock on Jan. 3, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 17,430 units of one preferred and warrants for 2,650 shares at $1,000.00 per unit.
The warrant is exercisable at $0.001.
LSGC Holdings II LLC, PCA LSG Holdings LLC, RW LSG Holdings, LLC and Cleantech Europe II (A) LP were among 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: | Units of one series J convertible preferred share and warrants for 2,650 shares
|
| Amount: | $17.43 million
|
| Units: | 17,430
|
| Price: | $1,000.00
|
| Warrants: | Warrants for 2,650 shares per unit
|
| Warrant strike price: | $0.001
|
| Investors: | LSGC Holdings II LLC, PCA LSG Holdings LLC, RW LSG Holdings, LLC and Cleantech Europe II (A) LP
|
| Settlement date: | Jan. 3
|
| Stock symbol: | OTCBB: LSCG
|
| Stock price: | $0.34 at close Jan. 2
|
| Market capitalization: | $77.02 million
|
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