By Sheri Kasprzak
Atlanta, Jan. 12 - eMerge Interactive Inc. received agreements for a $4.06 million private placement.
The company sold 2.9 million shares at $1.40 each.
Investors in the offering will also receive warrants for 435,000 shares at $1.75 each for five years.
The transaction is in addition to the $4 million raised in December.
The new issue is scheduled to close in 15 days.
Based in Sebastian, Fla., eMerge is a technology company that serves the agricultural, foodservice and healthcare industries. The proceeds will be used to develop commercial opportunities for its food safety and traceability products.
| Issuer: | eMerge Interactive Inc.
|
| Issue: | Stock
|
| Amount: | $4.06 million
|
| Shares: | 2.9 million
|
| Price: | $1.40
|
| Warrants: | For 435,000 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.75
|
| Announcement date: | Jan. 12
|
| Stock price: | $1.48 at close Jan. 12
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
