Company sells 5 million common shares at $0.01 per share in offering
By Devika Patel
Knoxville, Tenn., May 8 - Crown Dynamics Corp. concluded a $50,000 private placement of stock on Jan. 18, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 5 million common shares at $0.01 apiece.
The Suwanee, Ga., development-stage company has acquired the technology to develop two new home medical devices.
| Issuer: | Crown Dynamics Corp.
|
| Issue: | Common stock
|
| Amount: | $50,000
|
| Shares: | 5 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Announcement date: | May 8
|
| Settlement date: | Jan. 18
|
| Stock symbol: | OTCBB: CDYY
|
| Stock price: | $2.35 at close May 7
|
| Market capitalization: | $52.04 million
|
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