Published on 12/9/2005 in the Prospect News PIPE Daily.
New Issue: Icop Digital wraps $3.85 million private placement of stock
By Sheri Kasprzak
New York, Dec. 9 - Icop Digital, Inc. said it has concluded a private placement for $3,848,000.
The company issued 650,000 shares at $5.92 each to institutional investors.
The investors received redeemable warrants for 227,500 shares. The warrants are exercisable at $6.19 each through July 8, 2010.
Paulson Investment Co., Inc. was the placement agent for the deal.
Based in Lenexa, Kan., Icop develops security, surveillance and communications products used in the public and private sectors.
Issuer: | Icop Digital, Inc.
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Issue: | Stock
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Amount: | $3,848,000
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Shares: | 650,000
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Price: | $5.92
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Warrants: | For 227,500 shares
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Warrant expiration: | July 8, 2010
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Warrant strike price: | $6.19
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Placement agent: | Paulson Investment Co., Inc.
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Settlement date: | Dec. 9
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Stock price: | $7.18 at close Dec. 8
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