Company sells 16,000 of its common shares at $5.10 apiece in offering
By Devika Patel
Knoxville, Tenn., March 15 - HPIL Holding completed an $81,600 private placement of stock on March 7, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced Feb. 27.
The company sold 16,000 common shares at $5.10 per share, which is identical to the Feb. 26 closing share price.
HPIL Holding is a holding company in Saginaw, Mich.
| Issuer: | HPIL Holding
|
| Issue: | Common stock
|
| Amount: | $81,600
|
| Shares: | 16,000
|
| Price: | $5.10
|
| Warrants: | No
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 7
|
| Stock symbol: | OTCBB: HPIL
|
| Stock price: | $5.10 at close Feb. 26
|
| Market capitalization: | $578 million
|
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