By Devika Patel
Knoxville, Tenn., July 9 - nFinanSe Inc. priced a $5 million private placement of series E convertible preferred stock on June 29, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company is selling the preferreds at $1.50 apiece. Each preferred is convertible into common shares at $0.15 per common share.
Based in Bradenton, Fla., nFinanSe is a financial services company and provides stored value and prepaid cards.
| Issuer: | nFinanSe Inc.
|
| Issue: | Series E convertible preferred stock
|
| Amount: | $5 million
|
| Price: | $1.50
|
| Conversion price: | $0.15
|
| Warrants: | No
|
| Settlement date: | June 29
|
| Stock symbol: | OTCBB: NFSE
|
| Stock price: | $0.10 at close June 29
|
| Market capitalization: | $2.12 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.
