Published on 9/2/2016 in the Prospect News PIPE Daily.
OriginClear raises $123,017 through private placement of common stock
Deal offers shares at $0.01 each, identical to Aug. 29 closing price
By Devika Patel
Knoxville, Tenn., Sept. 2 – OriginClear, Inc. settled a $123,017 private placement of stock on Aug. 30, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 12,301,672 common shares at $0.01 apiece. The price per share is identical to the Aug. 29 closing share price.
The water purification technology company is based in Los Angeles.
| Issuer: | OriginClear, Inc.
|
| Issue: | Common stock
|
| Amount: | $123,017
|
| Shares: | 12,301,672
|
| Price: | $0.01
|
| Warrants: | No
|
| Settlement date: | Aug. 30
|
| Stock symbol: | OTCBB: OCLN
|
| Stock price: | $0.01 at close Aug. 29
|
| Market capitalization: | $3.21 million
|
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