New York, May 23 - Taylor Madison Corp. said it completed a private placement of $1.06 million of convertibles debentures.
The deal was sold in two tranches, $565,000 completed on May 6 and $490,000 on May 20.
Midtown Partners & Co., LLC was placement agent.
The debentures pay interest at 10%. The investors also received class A warrants.
Taylor Madison is based in Orlando, Fla. Through its Telzuit Technologies, Inc. subsidiary, which does business as BioPatch Systems, it provides mobile medicine. Its first product will be a wireless heart monitor.
| Issuer: | Taylor Madison Corp.
|
| Issue: | Convertible debentures
|
| Amount: | $1.055 million
|
| Coupon: | 10%
|
| Warrants: | Yes
|
| Placement agent: | Midtown Partners & Co., LLC
|
| Settlement date: | May 6 ($565,000), May 20 ($490,000)
|
| Stock price: | $0.04 (May 6), $0.14 (May 20)
|
|
|
© 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.
