Offering sells 168,750 company common shares at $1.60 per share
By Devika Patel
Knoxville, Tenn., May 9 - First Independence Corp. completed a $270,000 private placement of stock on May 3, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 168,750 common shares at $1.60 per share. The price per share is a 79.75% discount to the $7.90 closing share price on May 2.
The savings and loan holding company is based in Independence, Kan.
| Issuer: | First Independence Corp.
|
| Issue: | Common stock
|
| Amount: | $270,000
|
| Shares: | 168,750
|
| Price: | $1.60
|
| Warrants: | No
|
| Settlement date: | May 3
|
| Stock symbol: | OTCBB: FFSL
|
| Stock price: | $7.90 at close May 2
|
| Market capitalization: | $6.6 million
|
© 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.
