By Sheri Kasprzak
New York, April 12 - WPCS International Inc. wrapped a $6,138,517 direct placement.
The company issued 876,931 shares at $7.00 each to four institutional investors.
The shares will be sold under the company's shelf registration.
Punk, Ziegel & Co. was the placement agent.
Located in Exton, Pa., WPCS designs and develops wireless networks.
| Issuer: | WPCS International Inc.
|
| Issue: | Stock
|
| Amount: | $6,138,517
|
| Shares: | 876,931
|
| Price: | $7.00
|
| Warrants: | No
|
| Settlement date: | April 12
|
| Stock symbol: | Nasdaq: WPCS
|
| Stock price: | $8.08 at close April 12
|
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