Offer sells 10 million common shares at $0.05 per share to investors
By Devika Patel
Knoxville, Tenn., Feb. 20 - CTD Holdings Inc. completed a $500,000 private placement of stock with 12 investors on Feb. 19, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 10 million common shares at $0.05 apiece, a 58.33% discount to the closing share price, $0.12, on Feb. 18.
The Alachua, Fla., company sells cyclodextrins for use in research related products to the food, pharmaceutical, nutritional, and other industries.
| Issuer: | CTD Holdings Inc.
|
| Issue: | Common stock
|
| Amount: | $500,000
|
| Shares: | 10 million
|
| Price: | $0.05
|
| Warrants: | No
|
| Settlement date: | Feb. 19
|
| Stock symbol: | OTCBB: CTDH
|
| Stock price: | $0.12 at close Feb. 18
|
| Market capitalization: | $4.13 million
|
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