Deal offers shares at $0.01 each, identical to June 22 closing price
By Devika Patel
Knoxville, Tenn., July 11 – OriginClear, Inc. settled a $129,000 private placement of stock between June 23 and June 30, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 12.9 million common shares at $0.01 apiece. The price per share is identical to the June 22 closing share price.
The water purification technology company is based in Los Angeles.
| Issuer: | OriginClear, Inc.
|
| Issue: | Common stock
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| Amount: | $129,000
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| Shares: | 12.9 million
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| Price: | $0.01
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| Warrants: | No
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| Settlement date: | Between June 23 and June 30
|
| Stock symbol: | OTCBB: OCLN
|
| Stock price: | $0.01 at close June 22
|
| Market capitalization: | $3.21 million
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