Company sells 183 million common shares at $0.03 per share in offering
By Devika Patel
Knoxville, Tenn., Jan. 31 - Credit One Financial, Inc. settled a $5.49 million private placement of stock on Jan. 30, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 183 million common shares at $0.03 apiece, which is a 99.4% discount to the Jan. 29 closing share price of $5.00.
The holding company is based in New York.
| Issuer: | Credit One Financial, Inc.
|
| Issue: | Common stock
|
| Amount: | $5.49 million
|
| Shares: | 183 million
|
| Price: | $0.03
|
| Warrants: | No
|
| Settlement date: | Jan. 30
|
| Stock symbol: | OTCBB: COFI
|
| Stock price: | $5.00 at close Jan. 29
|
| Market capitalization: | $604.31 million
|
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