Deal sells 6,011,106 shares at $0.7875 each to Luxembourg Gamma Three
By Devika Patel
Knoxville, Tenn., Sept. 30 – OptimizeRx Corp. settled a $4,733,746 private placement of stock with WPP Luxembourg Gamma Three Sarl on Sept. 24, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 6,011,106 common shares at $0.7875 apiece. The per-share price represents a 21.25% discount to the Sept. 23 closing share price of $1.00.
Proceeds will be used for working capital purposes.
Based in Rochester, Mich., OptimizeRx provides platforms to help patients better afford and comply to their medicines and health-care products, while offering pharmaceutical and health-care companies ways to expand patient awareness, access and adherence to their brands.
| Issuer: | OptimizeRx Corp.
|
| Issue: | Common stock
|
| Amount: | $4,733,746
|
| Shares: | 6,011,106
|
| Price: | $0.7875
|
| Warrants: | No
|
| Investor: | WPP Luxembourg Gamma Three Sarl
|
| Settlement date: | Sept. 24
|
| Stock symbol: | OTCBB: OPRX
|
| Stock price: | $1.00 at close Sept. 23
|
| Market capitalization: | $25.47 million
|
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