Deal sells 864,000 series C-3 voting convertible preferreds at $0.25
By Devika Patel
Knoxville, Tenn., Sept. 7 – CurAegis Technologies, Inc. completed a $216,000 private placement of series C-3 voting convertible preferred stock with 13 investors between Aug. 5 and Sept. 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 864,000 preferreds at $0.25 per preferred. The preferreds convert into common stock on a one-for-one basis.
The Rochester, N.Y., company develops and markets technologies in the areas of power, safety and wellness.
| Issuer: | CurAegis Technologies, Inc.
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| Issue: | Series C-3 voting convertible preferred stock
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| Amount: | $216,000
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| Shares: | 864,000
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| Price: | $0.25
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| Conversion ratio: | Into one common share
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| Warrants: | No
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| Settlement date: | Between Aug. 5 and Sept. 1
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| Stock symbol: | OTCBB: CRGS
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| Stock price: | $0.50 at close Aug. 4
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| Market capitalization: | $16.14 million
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