Private holding company also sells warrants to Access America Fund
By Devika Patel
Knoxville, Tenn., Dec. 7 - Hellenic Solutions Corp. priced a private placement of stock with Access America Fund, LLP on Feb. 9, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal settled for $2.5 million.
The company sold 1,666,667 ordinary shares at about $1.50 per share to the investor.
Access America also received warrants for 1,666,667 shares. The five-year warrants are exercisable at $3.00.
Houston-based Hellenic Solutions is a private holding company.
| Issuer: | Hellenic Solutions Corp.
|
| Issue: | Ordinary stock
|
| Amount: | $2.5 million
|
| Shares: | 1,666,667
|
| Price: | $1.50 (approximate)
|
| Warrants: | For 1,666,667 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $3.00
|
| Investor: | Access America Fund, LLP
|
| Pricing date: | Feb. 9
|
© 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.
