By Sheri Kasprzak
New York, July 25 - Medis Technologies Ltd. said it has completed a private placement for $1,000,009.
The company has sold 83,543 shares at $11.97 each as of April 1.
Since April 1, the company has also issued 222,000 shares as part of options granted from its 1999 stock option plan and 17,463 shares from the exercise of warrants.
Based in New York, Medis develops fuel-cell power technologies.
| Issuer: | Medis Technologies Ltd.
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| Issue: | Stock
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| Amount: | $1,000,009
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| Shares: | 83,543
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| Price: | $11.97
|
| Settlement date: | July 25
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| Stock price: | $16.28 at close July 25
|
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