Company sells 685,000 shares at $0.75 each to seven investors in deal
By Devika Patel
Knoxville, Tenn., May 29 – Touchpoint Metrics, Inc. settled a $513,750 private placement of stock with seven investors on May 27, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 685,000 common shares at $0.75 per share, which is identical to the closing share price on May 26.
Proceeds will be used for general corporate purposes, including infrastructure, product development, marketing and sales and working capital.
The San Francisco company makes and sells web-enabled software and related services for customer experience management.
| Issuer: | Touchpoint Metrics, Inc.
|
| Issue: | Common stock
|
| Amount: | $513,750
|
| Shares: | 685,000
|
| Price: | $0.75
|
| Warrants: | No
|
| Settlement date: | May 27
|
| Stock symbol: | OTCBB: TPOI
|
| Stock price: | $0.75 at close May 26
|
| Market capitalization: | $12.06 million
|
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