By Sheri Kasprzak
New York, Feb. 9 - Digital Angel Corp. closed a $6 million private placement of senior secured debentures with warrants.
The 10.25% debentures were purchased by Imperium Master Fund, Ltd.
The debentures are due Feb. 6, 2010.
Imperium received warrants for 699,600 shares, exercisable at $2.973 each for five years.
Located in St. Paul, Minn., Digital Angel provides sensor and communications technologies used to identify, track and monitor pets, humans and livestock through implantable chips.
| Issuer: | Digital Angel Corp.
|
| Issue: | Senior secured debentures
|
| Amount: | $6 million
|
| Maturity: | Feb. 6, 2010
|
| Coupon: | 10.25%
|
| Price: | Par
|
| Yield: | 10.25%
|
| Warrants: | For 699,600 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.973
|
| Investor: | Imperium Master Fund, Ltd.
|
| Settlement date: | Feb. 6
|
| Stock symbol: | Amex: DOC
|
| Stock price: | $2.68 at close Feb. 6
|
© 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.
