Self-underwritten deal sells 8 million of the company's common shares
By Devika Patel
Knoxville, Tenn., Aug. 27 - DMC Beverage Corp. priced its $4 million initial public offering of stock, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 8 million common shares at $0.50 per share on a self-underwritten basis.
Settlement is expected Dec. 31, 2014.
Proceeds will be used to add personnel to expand the company's business and for working capital needs.
The Parker, Colo., company offers a blended juice beverage product line called CoolJuice.
| Issuer: | DMC Beverage Corp.
|
| Issue: | Common stock
|
| Amount: | $4 million
|
| Shares: | 8 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Pricing date: | Aug. 27
|
| Settlement date: | Dec. 31, 2014
|
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