By Devika Patel
Knoxville, Tenn., May 5 - WidePoint Corp. arranged a $2.55 million private placement of stock on April 29, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 2.5 million common shares at $1.02 each to Deutsche Bank AG, London Branch.
Oakbrook Terrace, Ill.-based WidePoint is a technology services provider to the government sector and commercial markets.
| Issuer: | WidePoint Corp.
|
| Issue: | Common stock
|
| Amount: | $2.55 million
|
| Shares: | 2.5 million
|
| Price: | $1.02
|
| Warrants: | No
|
| Investor: | Deutsche Bank AG, London Branch
|
| Pricing date: | April 28
|
| Stock symbol: | OTCBB: WYY
|
| Stock price: | $1.17 at close April 29
|
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