By Sheri Kasprzak
Atlanta, Feb. 11 - Eagle Broadband Inc. said it has arranged a private placement for up to $9 million.
The company plans to sell up to 20 million shares at $0.45 each. The exact terms of the deal, however, are dependent upon the placement agent's due diligence investigation, including operational issues.
The Keystone Equities Group will be the placement agent in the offering.
Eagle is a wireline and wireless network services provider based in League City, Texas.
| Issuer: | Eagle Broadband Inc.
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| Issue: | Stock
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| Amount: | $9 million (maximum)
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| Shares: | 20 million
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| Price: | $0.45
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| Warrants: | No
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| Placement agent: | The Keystone Equities Group
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| Pricing date: | Feb. 11
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| Stock price: | $0.45 at close Feb. 11
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