By Sheri Kasprzak
New York, March 21 - BioForce Nanosciences Holdings, Inc. said it wrapped a $6 million private placement of shares at a 66% discount to the current stock price.
The company sold 4 million shares of restricted stock at $1.50 each.
Proceeds from the deal will be used for the commercialization of the company's NanoArrayer system, a software platform that addresses intractable research problems.
Based in Ames, Iowa, BioForce develops nanotechnology products with a focus on biotechnology applications.
| Issuer: | BioForce Nanosciences Holdings, Inc.
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| Issue: | Stock
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| Amount: | $6 million
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| Shares: | 4 million
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| Price: | $1.50
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| Warrants: | No
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| Settlement date: | March 21
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| Stock symbol: | OTCBB: BFNH
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| Stock price: | $4.40 at close March 20
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| Stock price: | $4.40 at close March 21
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