Company offers 1,435,000 of its common shares at $1.00 apiece in deal
By Devika Patel
Knoxville, Tenn., Aug. 21 – Innovative Food Holdings Inc. concluded a $1.44 million private placement of stock on Aug. 18, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,435,000 common shares at $1.00 per share. The price per share is a 28.57% discount to the closing share price on Aug. 15, $1.40.
The Bonita Springs, Fla., company provides food products to premium restaurants.
| Issuer: | Innovative Food Holdings Inc.
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| Issue: | Common stock
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| Amount: | $1,435,000
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| Shares: | 1,435,000
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| Price: | $1.00
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| Warrants: | No
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| Settlement date: | Aug. 18
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| Stock symbol: | OTCBB: IVFH
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| Stock price: | $1.40 at close Aug. 15
|
| Market capitalization: | $13.95 million
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