Company sells common shares with three-year warrants at $0.50 each
By Devika Patel
Knoxville, Tenn., Aug. 5 - Aftermarket Enterprises, Inc. completed a $2.12 million private placement of units on July 29, according to an 8-K filed Friday with the Securities and Exchange Commission. The offering was conducted via agent Beaufort International Associates Ltd.
The company sold 4,230,932 units of two common shares and a warrant at $0.50 per unit.
Each three-year warrant is exercisable at $0.50.
Based in Irvine, Calif., Aftermarket Enterprises sells automotive accessories to owners of sport utility vehicles.
| Issuer: | Aftermarket Enterprises, Inc.
|
| Issue: | Units of two common shares and one warrant
|
| Amount: | $2,115,466
|
| Shares: | 4,230,932
|
| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.50
|
| Settlement date: | July 29
|
| Stock symbol: | OTCBB: AFTM
|
© 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.
