One-year agreement arranged through investor Kodiak Capital Group
By Devika Patel
Knoxville, Tenn., March 19 - Green Automotive Co. arranged a $3 million one-year investment agreement with Kodiak Capital Group LLC on March 14, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The purchase price for the common stock will be equal to 80% of the lowest closing bid price of the stock during the five trading days following the put notice.
The vehicle design, engineering, manufacturing and distribution company is based in Newport Beach, Calif.
| Issuer: | Green Automotive Co.
|
| Issue: | Investment agreement
|
| Amount: | $3 million
|
| Tenor: | One year
|
| Price: | 20% discount
|
| Warrants: | No
|
| Investor: | Kodiak Capital Group LLC
|
| Settlement date: | March 14
|
| Stock symbol: | OTCBB: GACR
|
| Stock price: | $0.40 at close March 13
|
| Market capitalization: | $105.06 million
|
© 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.
