By Devika Patel
Knoxville, Tenn., Sept. 26 - JAXX AG said it sold €4.21 million of its 6.66% convertible debentures due 2013 in units.
Each unit was priced at €26.00. The company sold 161,830 units.
Each debenture is convertible into 10 shares.
Proceeds will be used to finance JAXX's growth and increase its independence from the German lottery market.
JAXX, formerly Fluxx AG, is a gaming company based in Altenholz, Germany.
| Issuer: | JAXX AG
|
| Issue: | Units of €26.00 in convertible debentures
|
| Amount: | €4,207,580
|
| Units: | 161,830
|
| Price: | €26.00
|
| Warrants: | No
|
| Pricing date: | Sept. 4
|
| Settlement date: | Sept. 26
|
| Stock symbol: | Frankfort: FXXN
|
| Stock price: | €2.07 at close Sept. 26
|
|
|
| Debentures
|
| Maturity: | 2013
|
| Coupon: | 6.66%
|
| Price: | Par
|
| Conversion price: | €2.60
|
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