Company sells 165,000 of its common shares at $5.45 apiece in offering
By Devika Patel
Knoxville, Tenn., Aug. 2 - HPIL Holding completed an $899,250 private placement of stock on Aug. 2, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced July 27.
The company sold 165,000 common shares at $5.45 per share, which is identical to the July 26 closing share price.
HPIL Holding is a holding company in Saginaw, Mich., that is focused on making investments in companies.
| Issuer: | HPIL Holding
|
| Issue: | Common stock
|
| Amount: | $899,250
|
| Shares: | 165,000
|
| Price: | $5.45
|
| Warrants: | No
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 2
|
| Stock symbol: | OTCBB: HPIL
|
| Stock price: | $5.45 at close July 26
|
| Market capitalization: | $308.84 million
|
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