By Sheri Kasprzak
Atlanta, Jan. 3 - Media Services Group Inc. said it has wrapped up a $3.25 million private placement.
The company sold 10,156 shares of series F convertible preferred stock at $320 each on Dec. 30.
The deal was originally announced Nov. 16 as a $3 million offering of 9,375 preferreds at the same price.
The preferreds are convertible into common shares at $13 each.
Investors in the offering also received warrants for 115,385 common shares at $16.25.
In December, the company also filed a preliminary notice to change its name to MSGI Security Inc.
Based in New York, Media Services Group is a company focused on the homeland security, public safety and surveillance industries.
| Issuer: | Media Services Group Inc.
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| Issue: | Series F convertible preferred stock
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| Amount: | $3.25 million
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| Shares: | 10,156 shares
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| Price: | $320
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| Warrants: | For 115,385 shares
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| Warrant strike price: | $13.00
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| Announcement date: | Nov. 16
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| Settlement date: | Dec. 30
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| Stock price: | $12.80 at close Nov. 16
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| Stock price: | $14.96 at close Dec. 30
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