30 million shares sold to Compagnie Financiere Saint Exupery Sicav-Sif
By Devika Patel
Knoxville, Tenn., April 4 – EZTD Inc. completed a $6 million private placement of stock with Compagnie Financiere Saint Exupery Sicav-Sif on March 31, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 30 million common shares at $0.20 apiece. The price per share is a 42.86% premium to $0.14, the March 30 closing share price.
The investor also received warrants for 26,666,667 shares, which are each exercisable at $0.225 for six months. The strike price is a 60.71% premium to the March 30 closing price.
The Tel-Aviv company has developed and operates an online trading platform for retail customers to trade binary options.
| Issuer: | EZTD Inc.
|
| Issue: | Common stock
|
| Amount: | $6 million
|
| Shares: | 30 million
|
| Price: | $0.20
|
| Warrants: | For 26,666,667 shares
|
| Warrant expiration: | Six months
|
| Warrant strike price: | $0.225
|
| Investor: | Compagnie Financiere Saint Exupery Sicav-Sif
|
| Settlement date: | March 31
|
| Stock symbol: | OTCBB: EZTD
|
| Stock price: | $0.14 at close March 30
|
| Market capitalization: | $16.92 million
|
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