Warrants sold to chief executive officer and chief information officer
By Devika Patel
Knoxville, Tenn., July 1 - Pervasip Corp. settled a $68,000 private placement of warrants with its chief executive officer and its chief information officer on June 27, according to an 8-K filed Monday with the Securities and Exchange Commission.
The investors received 10-year warrants for 45,333,333 shares, each exercisable at $0.005.
The White Plains, N.Y., company provides local, long distance and international voice telephone services.
| Issuer: | Pervasip Corp.
|
| Issue: | Common stock
|
| Amount: | $68,000
|
| Warrants: | For 45,333,333 shares
|
| Warrant expiration: | 10 years
|
| Warrant strike price: | $0.005
|
| Settlement date: | June 27
|
| Stock symbol: | NYSE: IG
|
| Market capitalization: | $1.54 million
|
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