New Issue: Smart Online raises $2.5 million in private placement of stock

By Sheri Kasprzak

Atlanta, March 1 - Smart Online Inc. said it has closed a private placement of stock for $2.5 million.

The company sold 500,000 shares at $5.00 to The Blueline Fund.

Based in Durham, N.C., Smart Online provides web-based software to businesses. It plans to use the proceeds from the deal to repay debt and for working capital.

Issuer:	Smart Online Inc.
Issue:	Stock
Amount:	$2.5 million
Shares:	500,000
Price:	$5.00
Warrants:	No
Investor:	The Blueline Fund
Settlement date:	Feb. 25
Stock price:	$1.65 at close Feb. 25

© 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.