Deal sells 4 million common shares at $0.50 per share, a 150% premium
By Devika Patel
Knoxville, Tenn., July 5 - Ascend Acquisition Corp. completed a $2 million private placement of stock on July 1, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 4 million common shares at $0.50 apiece. The price per share is a 150% premium to the June 28 closing share price, $0.20.
The Wayne, Pa., company creates and distributes game applications on smartphone and other mobile platforms.
| Issuer: | Ascend Acquisition Corp.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 4 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Settlement date: | July 1
|
| Stock symbol: | OTCBB: ASCQ
|
| Stock price: | $0.20 at close June 28
|
| Market capitalization: | $10.19 million
|
© 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.
