New Issue: Icop Digital arranges $1.34 million registered direct offering of stock

By Devika Patel

Knoxville, Tenn., Jan. 29 - Icop Digital, Inc. negotiated a $1.34 million registered direct offering of stock on Jan. 29, according to an 8-K filed Friday with the Securities and Exchange Commission. Chardan Capital Markets, LLC is the agent.

The company will sell 3.5 million common shares at $0.3833 per share. The investors also will receive two series of warrants. The five-year series 1 warrants are exercisable for 3.5 million shares at $0.42. The series 2 warrants are exercisable for 1,232,580 shares at $0.3833 for 90 business days.

Settlement is expected Feb. 3.

Based in Lenexa, Kan., Icop develops security, surveillance and communications products used in the public and private sectors.

Issuer:	Icop Digital, Inc.
Issue:	Common shares
Amount:	$1,341,550
Units:	3.5 million
Price:	$0.3833
Warrants:	Series 1 warrants for 3.5 million shares, series 2 warrants for 1,232,580 shares
Warrant expiration:	Five years (series 1), 90 business days (series 2)
Warrant strike price:	$0.42 (series 1), $0.3833 (series 2)
Agent:	Chardan Capital Markets, LLC
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Stock symbol:	Nasdaq: ICOP
Stock price:	$0.43 at close Jan. 28
Market capitalization:	$6.58 million

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