Company sells 60,000 shares at $6.00 per share to investor O.R.C.
By Devika Patel
Knoxville, Tenn., Nov. 27 - HPIL Holding completed a $360,000 private placement of stock with O.R.C. SRL on Nov. 27, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced Nov. 20.
The company sold 60,000 common shares at $6.00 per share, which is identical to the Nov. 19 closing share price.
HPIL Holding is a holding company in Saginaw, Mich.
Issuer: | HPIL Holding
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Issue: | Common stock
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Amount: | $360,000
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Shares: | 60,000
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Price: | $6.00
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Warrants: | No
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Investor: | O.R.C. SRL
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Pricing date: | Nov. 20
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Settlement date: | Nov. 27
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Stock symbol: | OTCBB: HPIL
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Stock price: | $6.00 at close Nov. 19
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Market capitalization: | $396.7 million
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