Sausalito company secures three-year agreement on Feb. 14
By Devika Patel
Knoxville, Tenn., Feb. 15 - Sputnik Enterprises, Inc. negotiated an investment agreement with Dutchess Opportunity Fund, II, LP on Feb. 14, according to an 8-K filed Friday with the Securities and Exchange Commission.
Dutchess will buy common shares over three years.
The Sausalito, Calif., company does not have significant operations.
| Issuer: | Sputnik Enterprises, Inc.
|
| Issue: | Investment agreement
|
| Tenor: | Three years
|
| Warrants: | No
|
| Investor: | Dutchess Opportunity Fund, II, LP
|
| Pricing date: | Feb. 14
|
| Stock symbol: | OTCBB: SPNI
|
| Stock price: | $3.00 at close Feb. 13
|
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