By Sheri Kasprzak
Atlanta, Jan. 14 - Multiband Corp. is planning to raise $1.4 million in a private placement.
The company plans to sell 1 million units at $1.40 each to accredited investors. The units include one share and one warrant.
The warrants allow for an additional share at $2 each.
The deal is expected to close Jan. 20.
Based in Minneapolis, Multiband is a voice, data and video systems provider to apartment buildings and time-share resorts.
Issuer: | Multiband Corp.
|
Issue: | Units of one share and one warrant
|
Amount: | $1.4 million
|
Shares: | 1 million
|
Price: | $1.40
|
Warrants: | One warrant per unit
|
Warrant strike price: | $2
|
Pricing date: | Jan. 14
|
Settlement date: | Jan. 20
|
Stock price: | $1.459 at close Jan. 14
|
|
© 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.