By Sheri Kasprzak
New York, Feb. 1 - MDI, Inc. wrapped a private placement for $2.6 million.
The company sold to Stratis Authority 5,306,122 shares at $0.49 apiece.
MDI will receive the investment in installments paid every two weeks.
The offering was not brokered.
Based in San Antonio, MDI develops security technologies used to protect people, assets and facilities.
| Issuer: | MDI, Inc.
|
| Issue: | Stock
|
| Amount: | $2.6 million
|
| Shares: | 5,306,122
|
| Price: | $0.49
|
| Warrants: | No
|
| Investor: | Stratis Authority
|
| Placement agent: | Non-brokered
|
| Settlement date: | Jan. 31
|
| Stock symbol: | Nasdaq: MDII
|
| Stock price: | $0.38 at close Jan. 31
|
| Stock price: | $0.44 at close Feb. 1
|
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