Helpful Alliance registers $33.2 million of common stock for its IPO

Company also announces secondary sale of 2.1 million shares

By Devika Patel

Knoxville, Tenn., June 30 – Helpful Alliance Co. will sell 14.5 million common shares in its initial public offering with a secondary sale of 2.1 million shares, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $33.2 million of stock for the deal.

Proceeds will be used for real estate development and general working capital.

The project management company is based in Deerfield Beach, Fla. The company intends to list its common stock on the OTCBB exchange.

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