New Issue: FNDS3000 wraps $1 million private placement of restricted common stock

By Devika Patel

Knoxville, Tenn., June 22 - FNDS3000 Corp. said it settled a $1 million private placement of stock.

The company sold 5,714,286 restricted common shares at $0.175 apiece.

The single investor also received a warrant for 5,714,286 shares, exercisable at $0.175, and a warrant exercisable for 4 million shares at $0.25. Both warrants expire in two years.

The public financial transaction processing company is based in Ponte Vedra Beach, Fla.

Issuer:	FNDS3000 Corp.
Issue:	Restricted common stock
Amount:	$1 million
Shares:	5,714,286
Price:	$0.175
Warrants:	For 9,714,286 shares
Warrant expiration:	Two years
Warrant strike price:	$0.175 (for 5,714,286 shares), $0.25 (for 4 million shares)
Settlement date:	June 22
Stock symbol:	OTCBB: FDTC
Stock price:	$0.24 at close June 21
Market capitalization:	$11.6 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.