By Sheri Kasprzak
New York, Oct. 11 - Aces Wired, Inc. settled an $8.1 million private placement of convertible preferred stock.
A group of institutional investors bought 1.62 million shares of the preferred stock at $5.00 each.
The investors will receive options for 322,400 shares, exercisable at $5.00 each.
Merriman Curhan Ford & Co. was the placement agent.
The deal was carried out as part of a reverse merger with Goodtime Action Amusement Partners, LP and its general partner Amusement Innovation Partners, LLC.
Located in Dallas, Aces Wired operates gaming and recreation centers throughout Texas.
| Issuer: | Aces Wired, Inc.
|
| Issue: | Convertible preferred stock
|
| Amount: | $8.1 million
|
| Shares: | 1.62 million
|
| Price: | $5.00
|
| Warrants: | For 322,400 shares
|
| Warrant strike price: | $5.00
|
| Placement agent: | Merriman Curhan Ford & Co.
|
| Settlement date: | Oct. 11
|
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