By Sheri Kasprzak
New York, March 2 - BioForce Nanosciences Holdings, Inc. has negotiated a private placement for up to $6 million as part of its merger with Silver River Acquisitions, Inc.
The company will sell up to 4 million shares, post-consolidation, at $1.50 each.
Closing of the merger is contingent upon BioForce raising at least $2.5 million in the placement.
Under the merger terms, BioForce will merge with its wholly owned subsidiary, Silver River Acquisitions.
The company has already effected a 2-for-1 forward stock split and changed its name from BioForce Nanosciences, Inc.
Ames, Iowa-based BioForce develops technologies used in silicon chips and other surfaces.
| Issuer: | BioForce Nanosciences Holdings, Inc.
|
| Issue: | Stock
|
| Amount: | $6 million (maximum)
|
| Shares: | 4 million (maximum)
|
| Price: | $1.50
|
| Warrants: | No
|
| Pricing date: | Feb. 24
|
| Stock symbol: | OTCBB: BNFH
|
|
|
© 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.
