Company sells 50,000 of its common shares at $7.00 apiece in offering
By Toni Weeks
San Luis Obispo, Calif., June 23 – HPIL Holding completed a $350,000 private placement of series 1 class P-2 treasury preferred stock on June 23, according to an announcement. The deal priced June 12.
The company sold 50,000 shares at $7.00 per share, which is a 16.67% discount to the closing share price of $8.40 on June 20.
HPIL Holding is a holding company in Saginaw, Mich., that is focused on making investments in companies.
| Issuer: | HPIL Holding
|
| Issue: | Series 1 class P-2 treasury preferred stock
|
| Amount: | $350,000
|
| Shares: | 50,000
|
| Price: | $7.00
|
| Warrants: | No
|
| Pricing date: | June 12
|
| Settlement date: | June 23
|
| Stock symbol: | OTCBB: HPIL
|
| Stock price: | $8.40 at close June 20
|
| Market capitalization: | $488.17 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
