Offering sells 18 million common shares at $0.1528 to two investors
By Devika Patel
Knoxville, Tenn., Dec. 19 – Dais Analytic Corp. arranged a $2.75 million private placement of stock with Hong Kong SAGE Technology Investment Co., Ltd. and Hong Kong JHSE Technology Investment Co., Ltd. on Dec. 15, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell 18 million common shares at $0.1528 per share. The price per share is a 49.07% discount to $0.30, the Dec. 12 closing share price.
Settlement is expected Dec. 26.
Proceeds will be used for working capital and product and business development.
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: | $2.75 million
|
| Shares: | 18 million
|
| Price: | $0.1528
|
| Warrants: | No
|
| Investors: | Hong Kong SAGE Technology Investment Co., Ltd. and Hong Kong JHSE Technology Investment Co., Ltd.
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 26
|
| Stock symbol: | OTCBB: DLYT
|
| Stock price: | $0.30 at close Dec. 12
|
| Market capitalization: | $31.34 million
|
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