Company sells 2 million of its common shares through public offering
By Devika Patel
Knoxville, Tenn., Jan. 6 – My Active Date, Inc. priced a $2 million initial direct public offering of stock, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 20 million common shares at $0.10 apiece.
Proceeds will be used for general and administrative expenses, development costs, marketing and sales.
The Carlsbad, Calif., company plans to offer a mobile application for online dating. It will list its shares on the OTCBB exchange.
| Issuer: | My Active Date, Inc.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 20 million
|
| Price: | $0.10
|
| Warrants: | No
|
| Pricing date: | Jan. 6
|
| Stock exchange: | OTCBB
|
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