Company sells 712,121 shares at $1.65 apiece to Harlingwood (Alpha)
By Devika Patel
Knoxville, Tenn., March 4 - Orange 21 Inc. said it concluded a private placement of stock with investor Harlingwood (Alpha), LLC. The offering raised $1.18 million.
The company sold 712,121 common shares at $1.65 apiece. The price per share is a 10.81% discount to $1.85, the March 3 closing share price.
Based in Carlsbad, Calif., Orange 21 designs, develops, markets and produces premium products for the action sports, motorsports, snowsports and lifestyle markets.
| Issuer: | Orange 21 Inc.
|
| Issue: | Common stock
|
| Amount: | $1,175,000
|
| Shares: | 712,121
|
| Price: | $1.65
|
| Warrants: | No
|
| Investor: | Harlingwood (Alpha), LLC
|
| Settlement date: | March 4
|
| Stock symbol: | OTCBB: ORNG
|
| Stock price: | $1.85 at close March 3
|
| Market capitalization: | $22.16 million
|
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