By Sheri Kasprzak
New York, Sept. 16 - Bluebook International Holding Co. said it plans to raise $2 million from a private placement of stock.
The offering includes 1,904,762 shares at $1.05 each sold to institutional and accredited investors.
The investors also will receive warrants for 190,476 shares, exercisable at $1.31 each.
The offering is expected to close within 30 days.
Proceeds will be used for working capital.
Based in Lake Forest, Calif., Bluebook is a data, software and services provider for the property and casualty insurance industry.
| Issuer: | Bluebook International Holding Co.
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| Issue: | Stock
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| Amount: | $2 million
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| Shares: | 1,904,762
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| Price: | $1.05
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| Warrants: | For 190,476 shares
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| Warrant strike price: | $1.31
|
| Pricing date: | Sept. 16
|
| Stock price: | $0.60 at close Sept. 16
|
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