Company sells stock to raise funds for working capital, obligations
By Devika Patel
Knoxville, Tenn., March 6 - Dais Analytic Corp. priced a $10.4 million public offering of stock in a prospectus filed Tuesday with the Securities and Exchange Commission.
The company will sell 40 million common shares at $0.26 per share. The price per share is a 7.14% discount to $0.28, the March 5 closing share price.
Proceeds will be used for working capital, to pay note obligations and accrued salaries and for general corporate purposes.
Dais, based in Odessa, Fla., provides nanotechnology-based applications for heating and cooling, water treatment and energy storage.
| Issuer: | Dais Analytic Corp
|
| Issue: | Common stock
|
| Amount: | $10.4 million
|
| Shares: | 40 million
|
| Price: | $0.26
|
| Warrants: | No
|
| Pricing date: | March 6
|
| Stock symbol: | OTCBB: DLYT
|
| Stock price: | $0.28 at close March 5
|
| Market capitalization: | $10.13 million
|
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