Offer sells 3.6 million shares at an average price of $1.00 per share
By Devika Patel
Knoxville, Tenn., Oct. 2 – TransAct Energy Corp. raised $3.6 million in a private placement of stock on Sept. 27, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 3.6 million common shares at an average price of $1.00 per share.
The San Antonio, Texas, company develops and manages power production facilities.
| Issuer: | TransAct Energy Corp.
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| Issue: | Common stock
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| Amount: | $3.6 million
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| Shares: | 3.6 million
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| Price: | $1.00 (average)
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| Warrants: | No
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| Settlement date: | Sept. 27
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| Stock symbol: | OTCBB: TEGY
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| Stock price: | $0.28 at close Sept. 26
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| Market capitalization: | $11.81 million
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