New Issue: Worldwide Energy settles $4.75 million placement of shares

By Devika Patel

Knoxville, Tenn., June 24 - Worldwide Energy & Manufacturing USA, Inc. announced in an 8-K filed Tuesday with the Securities and Exchange Commission that it completed a $4.75 million private placement of stock on June 23.

The company sold 1,055,103 common shares.

Investors also received 685,817 series A warrants, each exercisable at $7.00 for two years and 369,286 series B warrants, each exercisable at $9.00 for three years.

San Bruno, Calif.-based Worldwide Energy & Manufacturing is an engineering firm specializing in manufacturing.

Issuer:	Worldwide Energy & Manufacturing USA, Inc.
Issue:	Common stock
Amount:	$4,747,970.50
Shares:	1,055,103
Warrants:	685,817 series A warrants; 369,286 series B warrants
Warrant expiration:	Two years (series A), three years (series B)
Warrant strike price:	$7.00 (series A), $9.00 (series B)
Settlement date:	June 23
Stock symbol:	OTCBB: WEMU
Stock price:	$8.25 at close June 23

© 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.