Deal sells 4.6 units of 208,333 shares, warrants for 104,167 shares
By Devika Patel
Knoxville, Tenn., Aug. 8 – MedoveX Corp. settled a $1.15 million private placement of units on Aug. 5, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 4.6 units of 208,333 common shares and warrants for 104,167 shares at $250,000 per unit. Each warrant is exercisable at $1.52 for five years. The strike price is a 10.15% premium to the Aug. 4 closing share price of $1.38.
MedoveX is an Atlanta-based medical device company.
| Issuer: | MedoveX Corp.
|
| Issue: | Units of 208,333 common shares and warrants for 104,167 shares
|
| Amount: | $1.15 million
|
| Units: | 4.6
|
| Price: | $250,000
|
| Warrants: | Warrants for 104,167 shares per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.52
|
| Agent: | Non-brokered
|
| Settlement date: | Aug. 5
|
| Stock symbol: | Nasdaq: MDVX
|
| Stock price: | $1.38 at close Aug. 4
|
| Market capitalization: | $19.23 million
|
|
|
© 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.
