By Sheri Kasprzak
Atlanta, Jan. 18 - Xenonics Holdings Inc. has received agreements for its $4,104,000 private placement.
The company sold 820,800 shares at $5 each to institutional and accredited investors.
Of the 820,800 shares, 500,000 are being sold by Xenonics. The company's shareholders are selling the remaining 320,800 shares. Xenonics will receive a total of $2.5 million from the deal.
The offering is expected to close in the next week.
Based in Carlsbad, Calif., Xenonics develops and produces lighting products for military, law enforcement, public safety and the commercial and private sectors.
| Issuer: | Xenonics Holdings Inc.
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| Issue: | Stock
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| Amount: | $4,104,000
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| Shares: | 820,800
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| Price: | $5.00
|
| Warrants: | No
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| Announcement date: | Jan. 18
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| Stock price: | $6.10 at close Jan. 18
|
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