By Sheri Kasprzak
New York, Jan. 18 - HandHeld Entertainment, Inc. sealed a private placement of units of shares and warrants for $3,830,100.
The company sold 12,767 units at $300 each.
The units are comprised of 100 shares and warrants for 100 shares.
Of the warrants issued, half are exercisable at $3.50 each for five years and half at $4.00 each for five years.
HandHeld may redeem the warrants after July 17, 2007 if its stock trades above $5.20 for more than five consecutive trading days.
San Francisco-based HandHeld provides digital media products for web sites. It also develops the ZVUE line of portable media players.
| Issuer: | HandHeld Entertainment, Inc.
|
| Issue: | Units of 100 shares and 100 warrants
|
| Amount: | $3,830,100
|
| Units: | 12,767
|
| Price: | $300
|
| Warrants: | For 100 shares per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $3.50 for half; $4.00 for half
|
| Settlement date: | Jan. 17
|
| Stock symbol: | Nasdaq: ZVUE
|
| Stock price: | $3.63 at close Jan. 17
|
© 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.
