Deal offers stock at $0.01 per share, a 50% discount to closing price
By Devika Patel
Knoxville, Tenn., June 22 – OriginClear, Inc. settled a $232,000 private placement of stock between June 6 and June 22, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 23.2 million common shares at $0.01 apiece. The price per share is a 50% discount to the June 3 closing share price of $0.02.
The water purification technology company is based in Los Angeles.
| Issuer: | OriginClear, Inc.
|
| Issue: | Common stock
|
| Amount: | $232,000
|
| Shares: | 23.2 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Settlement date: | Between June 6 and June 22
|
| Stock symbol: | OTCBB: OOIL
|
| Stock price: | $0.02 at close June 3
|
| Market capitalization: | $5.95 million
|
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