Published on 9/4/2013 in the Prospect News PIPE Daily.
ActiveCare raises $835,000 through private placement of common stock
Company sells 1,113,336 common shares at $0.75 per share in offering
By Devika Patel
Knoxville, Tenn., Sept. 4 - ActiveCare, Inc. said it settled an $835,000 private placement of stock.
The company sold 1,113,336 common shares at $0.75 per share. The price per share is a 40.95% discount to the Sept. 3 closing share price of $1.27.
The telematic and biosensor technology company is based in Orem, Utah.
| Issuer: | ActiveCare, Inc.
|
| Issue: | Common shares
|
| Amount: | $835,000
|
| Shares: | 1,113,336
|
| Price: | $0.75
|
| Warrants: | No
|
| Settlement date: | Sept. 4
|
| Stock symbol: | OTCBB: ACAR
|
| Stock price: | $1.27 at close Sept. 3
|
| Market capitalization: | $15.14 million
|
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