By Sheri Kasprzak
New York, Jan. 11 - MangoSoft, Inc. completed a $1.2 million private placement.
The company issued 2.4 million shares at $0.50 each in the deal to a group of investors that included current stockholders.
The offering was not brokered.
Proceeds will be used for patent lawsuits.
Located in Nashua, N.H., MangoSoft develops internet-enabling software for businesses.
| Issuer: | MangoSoft, Inc.
|
| Issue: | Stock
|
| Amount: | $1.2 million
|
| Shares: | 2.4 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | Jan. 11
|
| Stock symbol: | OTCBB: MGOF
|
| Stock price: | $0.65 at close Jan. 11
|
© 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.
