1.61 million shares sold at $1.24 each to five unaffiliated investors
By Devika Patel
Knoxville, Tenn., Dec. 14 - LiveDeal, Inc. said it settled a $2 million private placement of stock.
The company sold 1,612,899 common shares at $1.24 apiece to five unaffiliated investors. The price per share is a 77.86% discount to the Dec. 13 closing share price of $5.60.
Based in Mesa, Ariz., LiveDeal provides local customer acquisition services for small businesses.
| Issuer: | LiveDeal, Inc.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 1,612,899
|
| Price: | $1.24
|
| Warrants: | No
|
| Settlement date: | Dec. 14
|
| Stock symbol: | Nasdaq: LIVE
|
| Stock price: | $5.67 at close Dec. 14
|
| Market capitalization: | $3.88 million
|
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