By Sheri Kasprzak
New York, March 9 - Novint Technologies, Inc. settled a private placement for $9 million.
The company sold 9 million units of one share and one warrant to 42 accredited investors. Each warrant is exercisable at $1.50 for five years.
Novint may sell another 1 million units in the offering to a strategic investor.
Proceeds will be used for working capital.
Based in Albuquerque, Novint develops 3-D computing technologies.
| Issuer: | Novint Technologies, Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $9 million
|
| Units: | 9 million
|
| Price: | $1.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.50
|
| Settlement date: | March 5
|
| Stock symbol: | OTCBB: NVNT
|
| Stock price: | $1.255 at close March 5
|
© 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.
