Deal with Foshan Royal Investment sold 541,667 shares at $2.40 apiece
By Devika Patel
Knoxville, Tenn., Feb. 28 - Apextalk Holdings, Inc. concluded a private placement of stock, according to an 8-K filed Monday with the Securities and Exchange Commission. Foshan Royal Investment Ltd. was the investor. The deal priced Feb. 18 and settled for $1.3 million on Feb. 24.
The company sold 541,667 common shares at $2.40 per share, a 14.29% discount to the Feb. 23 closing share price of $2.80.
San Francisco-based Apextalk is a telecom company.
| Issuer: | Apextalk Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $1.3 million
|
| Shares: | 541,667
|
| Price: | $2.40
|
| Warrants: | No
|
| Investor: | Foshan Royal Investment Ltd.
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 24
|
| Stock symbol: | OTCBB: APXG
|
| Stock price: | $2.80 at close Feb. 23
|
| Market capitalization: | $8.58 million
|
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