Published on 10/9/2007 in the Prospect News PIPE Daily.
New Issue: HSW International closes $22.5 million placement of stock
By Laura Lutz
Des Moines, Oct. 9 - HSW International, Inc. completed a $22.5 million private placement of common stock, according to an 8-K filing with the Securities and Exchange Commission.
American investors bought a total of 3,424,653 shares in the deal.
The placement was conducted in connection with HSW's recently completed merger with Intac International, Inc. and HowStuffWorks, Inc.
Atlanta-based HSW operates internet businesses that provide information to consumers in emerging digital economies.
| Issuer: | HSW International, Inc.
|
| Issue: | Stock
|
| Amount: | $22,499,970.21
|
| Shares: | 3,424,653
|
| Warrants: | No
|
| Settlement date: | Oct. 2
|
| Stock symbol: | Nasdaq: HSWI
|
| Stock price: | $7.16 at close Oct. 9
|
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