Published on 4/11/2016 in the Prospect News PIPE Daily.
bBooth takes in $257,500 through private placement of common stock
Company sells 5,722,222 common shares at $0.045 per share via offering
By Devika Patel
Knoxville, Tenn., April 11 – bBooth, Inc. completed a $257,500 private placement of stock with four investors on April 4, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 5,722,222 common shares at $0.045 apiece. The price per share is a 43.75% discount to $0.08, the April 1 closing share price.
The West Hollywood, Calif., company makes and operates portable recording studios, branded and marketed as bBooth.
Issuer: | bBooth, Inc.
|
Issue: | Common stock
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Amount: | $257,500
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Shares: | 5,722,222
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Price: | $0.045
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Warrants: | No
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Settlement date: | April 4
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Stock symbol: | OTCBB: BBTH
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Stock price: | $0.08 at close April 1
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Market capitalization: | $3.19 million
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