By Sheri Kasprzak
New York, Aug. 28 - NanoPhase Technologies Corp. wrapped a private placement for $5,000,002.
The company sold 847,918 shares at $5.8968 each to Rohm and Haas Electronic Materials CMP Holdings, Inc.
The price per share was determined by the 25-day average closing price of the company's stock ended Aug. 21.
The deal was not brokered.
Located in Romeoville, Ill., NanoPhase develops nanocrystalline products used in sunscreens and abrasion-resistant materials.
| Issuer: | NanoPhase Technologies Corp.
|
| Issue: | Stock
|
| Amount: | $5,000,002
|
| Shares: | 847,918
|
| Price: | $5.8968
|
| Warrants: | No
|
| Investor: | Rohm and Haas Electronic Materials CMP Holdings, Inc.
|
| Placement agent: | Non-brokered
|
| Settlement date: | Aug. 25
|
| Stock symbol: | Nasdaq: NANX
|
| Stock price: | $6.71 at close Aug. 25
|
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