Deal offers 20 units of 38,462 shares and warrants for 38,462 shares
By Devika Patel
Knoxville, Tenn., Feb. 13 - Assured Pharmacy, Inc. settled a $500,000 initial tranche of a private placement of units on Feb. 5, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 20 units of 38,462 common shares and warrants for 38,462 shares at $25,000 per unit.
The three-year warrants are each exercisable at $0.90. The strike price is a 95.65% premium to the Feb. 4 closing share price of $0.46.
Based in Frisco, Texas, Assured provides pharmacy services for patients with chronic pain and other long-term conditions.
| Issuer: | Assured Pharmacy, Inc.
|
| Issue: | Units of 38,462 common shares and warrants for 38,462 shares
|
| Amount: | $500,000
|
| Units: | 20
|
| Price: | $25,000
|
| Warrants: | Warrants for 38,462 shares per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.90
|
| Settlement date: | Feb. 5
|
| Stock symbol: | OTCBB: APHY
|
| Stock price: | $0.46 at close Feb. 4
|
| Market capitalization: | $1.94 million
|
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