New Issue: Emerald Acquisition completes $15.1 million private placement of units

By Devika Patel

Knoxville, Tenn., Oct. 27 - Emerald Acquisition Corp. raised $15.1 million in a private placement of units on Oct. 22, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold units of 50,000 common shares and five-year warrants for 25,000 shares.

The warrants are exercisable at $6.00.

The private fruit juice maker is based in Shandong, China.

Issuer:	Emerald Acquisition Corp.
Issue:	Units of 50,000 common shares and warrants for 25,000 shares
Amount:	$15,096,011
Warrants:	Warrants for 25,000 shares per unit
Warrant expiration:	Five years
Warrant strike price:	$6.00
Settlement date:	Oct. 22

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