New York, Dec. 22 - UCN, Inc. said it completed a $1.9 million equity financing with a limited group of investors.
The Salt Lake City-based provider of contact handling software services and business data and voice services skid 950,000 common shares at $2.00 per share. It also issued 237,500 warrants with an exercise price of $2.00. The warrants expire on Dec. 22, 2010.
The investors included institutional investor and a UCN board member, Paul Koeppe.
Proceeds will be used to strengthen the company's balance sheet and to improve working capital.
| Issuer: | UCN, Inc.
|
| Issue: | Stock
|
| Amount: | $1.9 million
|
| Shares: | 950,000
|
| Price: | $2.00
|
| Warrants: | For 237,500 shares
|
| Warrant strike price: | $2.00
|
| Warrant expiration: | Dec. 22, 2010
|
| Announcement date: | Dec. 22
|
| Stock price: | $1.95 at close Dec. 22
|
|
|
© 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.
