Proceeds used for administrative expenses and general working capital
By Devika Patel
Knoxville, Tenn., Dec. 2 – Supportingsmallbusiness, Inc. priced a $5 million initial public offering of stock, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.
The company will sell 5 million common shares at $1.00 apiece on a self-underwritten basis.
Proceeds will be used for administrative expenses and general working capital requirements.
The blank check company is based in Wheaton, Ill. It expects its shares to trade on the OTCBB.
| Issuer: | Supportingsmallbusiness, Inc.
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Shares: | 5 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | Dec. 2
|
| Stock exchange: | OTCBB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
