Company sells 3,683 series B preferreds at $91.41 each to Yunfeng Lu
By Devika Patel
Knoxville, Tenn., Dec. 10 – Angstron Holdings Corp. completed a $336,667 private placement of series B convertible preferred stock with Yunfeng Lu on Dec. 7, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 3,683 preferreds at $91.41 per preferred. The preferreds initially convert to common shares at $0.0000102796985970042 per share.
The Pasadena, Calif., company does not have operations.
| Issuer: | Angstron Holdings Corp.
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| Issue: | Series B convertible preferred stock
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| Amount: | $336,667
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| Preferreds: | 3,683
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| Price: | $91.41
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| Conversion price: | $0.0000102796985970042
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| Warrants: | No
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| Investor: | Yunfeng Lu
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| Announcement date: | Dec. 10
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| Settlement date: | Dec. 7
|
| Stock symbol: | OTCBB: ANGP
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| Stock price: | $50.00 at close Dec. 9
|
| Market capitalization: | $63.85 million
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