Deal sells 6.4 million shares at $0.25 per share to Raffaele Mincione
By Devika Patel
Knoxville, Tenn., Dec. 14 – EZTD Inc. completed a $1.6 million private placement of stock with Raffaele Mincione on Dec. 10, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced on Dec. 8.
The company sold 6.4 million common shares at $0.25 apiece. The price per share is a 38.89% premium to $0.18, the Dec. 7 closing share price.
The Tel-Aviv company has developed and operates an online trading platform for retail customers to trade binary options.
| Issuer: | EZTD Inc.
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| Issue: | Common stock
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| Amount: | $1.6 million
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| Shares: | 6.4 million
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| Price: | $0.25
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| Warrants: | No
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| Investor: | Raffaele Mincione
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 10
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| Stock symbol: | OTCBB: EZTD
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| Stock price: | $0.18 at close Dec. 7
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| Market capitalization: | $24.83 million
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