By Devika Patel
Knoxville, Tenn., April 16 - Brookside Technology Holdings Corp. settled a $3 million private placement of its series A convertible preferred stock on April 12, according to an 8-K filed Friday with the Securities and Exchange Commission. Vicis Capital Master Fund was the investor.
The company sold 3 million preferreds.
Vicis also received warrants for 473,308,300 common shares, which are exercisable at $0.01 for five years.
Brookside is a holding company for Brookside Technology Partners and has headquarters in Clearwater, Fla.
| Issuer: | Brookside Technology Holdings Corp.
|
| Issue: | Series A convertible preferred stock
|
| Amount: | $3 million
|
| Shares: | 3 million
|
| Warrants: | For 473,308,300 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.01
|
| Investor: | Vicis Capital Master Fund
|
| Settlement date: | April 12
|
| Stock symbol: | OTCBB: BKSD
|
| Stock price: | $0.00 at close April 12
|
| Market capitalization: | $845,000
|
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