Offering sells common stock at $0.05 per share to thirteen investors
By Devika Patel
Knoxville, Tenn., March 18 – Vystar Corp. settled a $315,000 private placement of stock with thirteen investors from Nov. 16 through March 5, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 6.3 million common shares at $0.05 per share, which is a 16.67% discount to the closing price of the stock on Nov. 14, $0.06.
The Duluth, Ga., company makes Vytex, a natural rubber latex product that retains the positive properties of latex without producing an allergic reaction.
| Issuer: | Vystar Corp.
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| Issue: | Common stock
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| Amount: | $315,000
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| Shares: | 6.3 million
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| Price: | $0.05
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| Warrants: | No
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| Settlement date: | Nov. 16 through March 5
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| Stock symbol: | OTCBB: VYST
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| Stock price: | $0.06 at close Nov. 14
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| Market capitalization: | $5.19 million
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