Deal sells 6 million common shares to fund general corporate purposes
By Devika Patel
Knoxville, Tenn., Nov. 6 - Diamond Technology Enterprises, Inc. priced a $6 million initial public offering of stock in a Form S-1 filed Wednesday with the Securities and Exchange Commission.
The company will sell 6 million common shares at $1.00 apiece.
Proceeds will be used for general corporate purposes.
The New York company produces diamonds.
| Issuer: | Diamond Technology Enterprises, Inc.
|
| Issue: | Common stock
|
| Amount: | $6 million
|
| Shares: | 6 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | Nov. 5
|
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