Proceeds to be used for sales and marketing efforts, working capital
By Susanna Moon
Chicago, April 30 – Content Checked Holdings, Inc., formerly Vesta International, Corp., said it completed a $1.92 million private placement of stock.
The company sold 4,299,400 shares of the company's restricted common stock, resulting in proceeds of $1,920,150, including the conversion of previously issued unsecured bridge notes and a secured bridge note.
The company completed a reverse merger on April 17, in which Content Checked, Inc. became a wholly owned subsidiary of the company, according to a company press release.
Proceeds will be used to expand the company’s sales and marketing efforts, to sustain its research and development efforts and for working capital.
Content Checked has smartphone applications designed for use by those who suffer from food allergies and intolerances and migraine and chronic headaches. It is based in West Hollywood, Calif.
| Issuer: | Content Checked Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $1,920,150
|
| Shares: | 4,299,400
|
| Warrants: | No
|
| Settlement date: | April 17
|
| Stock symbol: | OTCQB: CNCK
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
