Company plans to sell 5 million shares for general corporate purposes
By Toni Weeks
San Diego, July 12 - Dream Homes Ltd. priced its initial public offering of 5 million shares of common stock at $1.00 per share, according to a 424B2 filing with the Securities and Exchange Commission. It expects to list the shares for trading on the OTC Bulletin Board.
The company will sell 5 million shares at $1.00 apiece on a best-efforts basis.
Proceeds will be used for working capital, debt reduction, acquisitions and other general corporate purposes.
Based in Forked River, N.J., Dream Homes is a newly created company that intends to expand, explore and capitalize on opportunities for real estate development and construction primarily in the southern New Jersey market.
| Issuer: | Dream Homes Ltd.
|
| Issue: | Common stock
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| Amount: | $5 million
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| Shares: | 5 million
|
| Price: | $1.00
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| Warrants: | No
|
| Pricing date: | July 12
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