Selling stockholders offer 450,200 common shares at $2.50
By Devika Patel
Knoxville, Tenn., July 21 – Upholstery International, Inc. priced a $1.13 million initial public offering of stock, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission.
All the shares are being sold by stockholders. There is no underwriter for the sale.
The offering is made up of 450,200 common shares at $2.50 apiece.
Upholstery International said it will attempt to have its shares quoted on the OTC Bulletin Board.
The Frankfurt, Ill., company operates one retail upholstery store that specializes in reupholstering furniture.
| Issuer: | Upholstery International, Inc.
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| Issue: | Common stock
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| Amount: | $1,125,500
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| Shares: | 450,200
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| Price: | $2.50
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| Warrants: | No
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| Pricing date: | July 21
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