Company offers between 2.5 million and 12.5 million common shares
By Devika Patel
Knoxville, Tenn., July 11 - Arrow Cars International Inc. priced a $5 million initial direct public offering of stock in a prospectus filed Thursday with the Securities and Exchange Commission.
The company will sell between 2.5 million and 12.5 million common shares at $0.40 per share on a self-underwritten, best-efforts basis.
Proceeds will be used for the implementation of the company's business plan and working capital.
Malaga, Spain-based Arrow Cars International operates a discount car rental company in Spain.
| Issuer: | Arrow Cars International Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million (minimum), $5 million (maximum)
|
| Shares: | 2.5 million (minimum), 12.5 million (maximum)
|
| Price: | $0.40
|
| Warrants: | No
|
| Pricing date: | July 11
|
© 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.
