By Sheri Kasprzak
Atlanta, Feb. 14 - Eagle Broadband, Inc. said it has closed a private placement for $8.2 million, after dropping the price of the shares.
The company sold 20 million shares at $0.41 each.
The offering was originally announced Feb. 11 as a $9 million deal comprised of 20 million shares at $0.45 each.
The Keystone Equities Group was the placement agent in the deal.
Eagle is a wireline and wireless network services provider based in League City, Texas. The company plans to use the proceeds to accelerate its expansion plans and growth of its three core areas. The remainder will be used for general corporate purposes.
| Issuer: | Eagle Broadband, Inc.
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| Issue: | Stock
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| Amount: | $8.2 million
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| Shares: | 20 million
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| Price: | $0.41
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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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| Settlement date: | Feb. 14
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| Stock price: | $0.45 at close Feb. 11
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| Stock price: | $0.47 at close Feb. 14
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