Company also invests in Liqtech Denmark, Cometas, Liqtech Delaware
By Devika Patel
Knoxville, Tenn., Aug. 25 - Liqtech USA, Inc. settled a Kr 19.5 million private placement of stock, according to an 8-K filed Thursday with the Securities and Exchange Commission. The company also completed a $6.3 million placement of units for which it received $4.8 million in cash and a promissory note for $1.5 million, due on Sept. 7.
The company sold 9,308.333 common shares at about Kr 2,094.90 per share and 63 units of 40 common shares and 20 warrants at $100,000.00 per unit.
Proceeds were used to purchase shares of Liqtech Denmark and the shares of Cometas and Liqtech Delaware not owned by Liqtech Denmark, and the balance will be designated for expenses and working capital.
The private cleantech company became a subsidiary of Blue Moose Media, Inc. on Aug. 24. Blue Moose is a private company, without operations, based in Riverton, Utah.
| Issuer: | Liqtech USA, Inc.
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| Issue: | Common stock, units of 40 common shares and 20 warrants
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| Amount: | Kr 19.5 million, $6.3 million
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|
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| Common stock
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| Amount: | Kr 19.5 million
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| Shares: | 9,308.333
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| Price: | Kr 2,094.90 (approximate)
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| Warrants: | No
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|
|
| Units
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| Amount: | $6.3 million
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| Units: | 63
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| Price: | $100,000
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| Warrants: | 20 warrants per unit
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