Cosi takes in $4.47 million from private placement of common stock

Company sells 3,889,613 shares at $1.15 each to Plaisance Fund in deal

By Devika Patel

Knoxville, Tenn., Aug. 19 – Cosi, Inc. completed a $4.47 million private placement of stock with Plaisance Fund, LP on Aug. 15, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 3,889,613 common shares at $1.15 per share. The price per share reflects an 11.54% discount to the Aug. 14 closing share price of $1.30.

Cosi is a national fast-casual restaurant chain based in Deerfield, Ill.

Issuer:	Cosi, Inc.
Issue:	Common stock
Amount:	$4,473,055
Shares:	3,889,613
Price:	$1.15
Warrants:	No
Investor:	Plaisance Fund, LP
Settlement date:	Aug. 15
Stock symbol:	Nasdaq: COSI
Stock price:	$1.30 at close Aug. 14
Market capitalization:	$28.02 million

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