By LLuvia Mares
New York, Sept. 19 - SpaceDev, Inc. announced Thursday it plans to raise $4.4 million through a private placement of stock.
The company intends to sell 7,095,566 shares to a group of investors at $0.62 each. The price was determined as a premium of 11% to the closing price of the stock Sept. 12, which was $0.56.
The investors included OHB Technology AG and MT Aerospace AG.
The company expects to use proceeds for general working capital purposes.
Poway, Calif.-based SpaceDev is a space systems company.
Issuer: SpaceDev, Inc.
Issue: Stock
| Amount: | $4.4 million
|
| Shares: | 7,095,566
|
| Price: | $0.62
|
| Warrants: | No
|
| Investors: | OHB Technology AG and MT Aerospace AG
|
| Pricing date: | Sept. 12
|
| Announcement date: | Sept. 19
|
| Stock symbol: | OTCBB: SPDV
|
| Stock price: | $0.56 at close Sept. 12, $0.57 at close Sept. 18
|
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