Solomon Howell Jr., James W. Stuckert Revocable Trust are investors
By Devika Patel
Knoxville, Tenn., March 22 - Wound Management Technologies, Inc. settled a $500,000 private placement of 10% convertible promissory notes on Feb. 19, according to an 8-K filed Friday with the Securities and Exchange Commission.
The note is convertible into common stock or series C preferred stock at $0.07 per share or preferred, which is identical to the Feb. 18 closing share price.
Investors were Solomon Oden Howell Jr. and the James W. Stuckert Revocable Trust. Each investor bought $250,000 of notes.
Based in Fort Worth, Wound Management Technologies makes advanced wound care products.
| Issuer: | Wound Management Technologies, Inc.
|
| Issue: | Convertible promissory notes
|
| Amount: | $500,000
|
| Coupon: | 10%
|
| Conversion price: | $0.07
|
| Warrants: | No
|
| Investors: | Solomon Oden Howell Jr. (for $250,000) and James W. Stuckert Revocable Trust (for $250,000)
|
| Settlement date: | Feb. 19
|
| Stock symbol: | OTCBB: WNDM
|
| Stock price: | $0.07 at close Feb. 18
|
| Market capitalization: | $5.17 million
|
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