New Issue: Optex Systems settles $1.22 million private placement of units

By Devika Patel

Knoxville, Tenn., Jan. 12 - Optex Systems Holdings, Inc. settled a $1.22 million private placement of units, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 27.1 units at $45,000.00 per unit. Each unit consists of 300,000 common shares and warrants for 300,000 shares, which are each exercisable at $0.45 for five years.

The company is based in Richardson, Texas, and manufactures optical sighting systems and assemblies primarily for Department of Defense applications.

Issuer:	Optex Systems Holdings, Inc.
Issue:	Units of 300,000 common shares and warrants for 300,000 shares
Amount:	$1,219,500
Units:	27.1
Price:	$45,000.00
Warrants:	For 300,000 shares per unit
Warrant expiration:	Five years
Warrant strike price:	$0.45
Announcement date:	Jan. 12
Stock symbol:	OTCBB: OPXS
Stock price:	$0.138 at close Jan. 12
Market capitalization:	$19.6 million

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