Private holding company also sells warrants to Access America Fund
By Devika Patel
Knoxville, Tenn., Dec. 7 - Hellenic Solutions Corp. priced a private placement of stock with Access America Fund, LLP on Feb. 9, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal settled for $2.5 million.
The company sold 1,666,667 ordinary shares at about $1.50 per share to the investor.
Access America also received warrants for 1,666,667 shares. The five-year warrants are exercisable at $3.00.
Houston-based Hellenic Solutions is a private holding company.
Issuer: | Hellenic Solutions Corp.
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Issue: | Ordinary stock
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Amount: | $2.5 million
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Shares: | 1,666,667
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Price: | $1.50 (approximate)
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Warrants: | For 1,666,667 shares
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Warrant expiration: | Five years
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Warrant strike price: | $3.00
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Investor: | Access America Fund, LLP
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Pricing date: | Feb. 9
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