New Issue: Calypso Wireless plans $1.69 million private placement of shares

By Devika Patel

Knoxville, Tenn., April 24 - Calypso Wireless Inc. arranged a $1.69 million private placement of stock on March 14, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company will sell a total of 37.5 million common shares at $0.045 per share. Of the shares, 30,937,311 have already been sold for $1.39 million and 6,562,689 remain to be sold for $295,321.

Based in Doral, Fla., Calypso is a developer and supplier of video cellular phones software and telecommunications infrastructure software.

Issuer:	Calypso Wireless Inc.
Issue:	Common stock
Amount:	$1,687,500
Shares:	37.5 million
Price:	$0.045
Warrants:	No
Pricing date:	March 14
Settlement date:	April 24 (for $1,392,170)
Stock symbol:	Pink Sheets: CLYW
Stock price:	$0.08 at close March 14

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.