New Issue: Fund.com sells $2.33 million of common stock through private placements

By Devika Patel

Knoxville, Tenn., April 5 - Fund.com Inc. completed a series of private placements of shares in March and April, according to an 8-K filed Monday with the Securities and Exchange Commission. The company raised a total of $2.33 million.

The company sold 9,047,619 class A common shares to COS Capital Partners I, LLC for $1.9 million on Feb. 10; it sold 952,381 shares to LH Capital Partners LLC for $200,000 on March 1; it sold 952,381 shares to Recovery Capital for $227,000 in March.

Proceeds were used to acquire Weston Capital Management, LLC.

Fund.com is a web site based in New York.

Issuer:	Fund.com Inc.
Issue:	Class A common shares
Amount:	$2,327,000
Shares:	10,952,381
Warrants:	No
Investors:	COS Capital Partners I, LLC (for $1.9 million), LH Capital Partners LLC (for $200,000), Recovery Capital (for $227,000)
Settlement dates:	Feb. 10 (for $1.9 million), March 1 (for $200,000)
Stock symbol:	OTCBB: FNDM
Stock price:	$1.10 at close Feb. 10
Market capitalization:	$31.5 million

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