Company sells 660,000 common shares at $0.30 apiece to five investors
By Devika Patel
Knoxville, Tenn., Aug. 14 – Giggles N Hugs Inc. settled a $198,000 private placement of stock with five investors on Aug. 11, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 660,000 common shares at $0.30 per share. The price per share is a 56.52% discount to the Aug. 8 closing share price of $0.69.
Based in Los Angeles, the company owns and operates a kid-friendly restaurant named Giggles N Hugs.
| Issuer: | Giggles N Hugs Inc.
|
| Issue: | Common shares
|
| Amount: | $198,000
|
| Shares: | 660,000
|
| Price: | $0.30
|
| Warrants: | No
|
| Settlement date: | Aug. 11
|
| Stock symbol: | OTCBB: GIGL
|
| Stock price: | $0.69 at close Aug. 8
|
| Market capitalization: | $15.94 million
|
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