Deal includes warrants for 148,810 shares; stock sold at $0.63 apiece
By Devika Patel
Knoxville, Tenn., Sept. 15 – One Horizon Group, Inc. settled a $125,000 private placement of stock on Sept. 14, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 198,413 common shares at $0.63 per share, which is a 16% discount to the Sept. 13 closing share price of $0.75.
The investors also received warrants for 148,810 shares. Each warrant is exercisable at $0.819 for three years. The strike price is a 9.2% premium to the Sept. 13 closing share price.
The telecommunications company is based in Limerick, Ireland.
Issuer: | One Horizon Group, Inc.
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Issue: | Common shares
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Amount: | $125,000
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Shares: | 198,413
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Price: | $0.63
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Warrants: | For 148,810 shares
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Warrant expiration: | Three years
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Warrant strike price: | $0.819
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Settlement date: | Sept. 14
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Stock symbol: | OTCBB: OHGI
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Stock price: | $0.75 at close Sept. 13
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Market capitalization: | $26.82 million
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