By Sheri Kasprzak
Atlanta, March 2 - Drugstore.com Inc. said it has wrapped a private placement of stock for $26 million.
The company sold 10 million shares at $2.60 each to a New York-based private investment partnership.
Based in Bellevue, Wash., Drugstore.com is an online provider of health, beauty, vision and pharmacy products. The proceeds will be used for general corporate purposes, including investments in marketing and technology.
| Issuer: | Drugstore.com Inc.
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| Issue: | Stock
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| Amount: | $26 million
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| Shares: | 10 million
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| Price: | $2.60
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| Warrants: | No
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| Settlement date: | March 2
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| Stock price: | $2.15 at close March 2
|
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