Company sells 4,766,666 shares along with an equal number of warrants
By Devika Patel
Knoxville, Tenn., March 3 - Atlas Therapeutics Corp. settled a private placement of stock on Feb. 25, according to an 8-K filed Thursday with the Securities and Exchange Commission. The company raised about $1.4 million.
Atlas sold 4,766,666 common shares, along with warrants for an equal number of additional shares. The warrants are each exercisable at $0.60 for three years.
Atlas is a Riverside, Calif.-based franchisor of retail shipping, postal, courier and business service centers.
| Issuer: | Atlas Therapeutics Corp.
|
| Issue: | Common stock
|
| Amount: | $1.4 million
|
| Shares: | 4,766,666
|
| Warrants: | For 4,766,666 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.60
|
| Settlement date: | Feb. 25
|
| Stock symbol: | OTCBB: MVNP
|
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