Published on 6/29/2012 in the Prospect News PIPE Daily.
Innovus Pharmaceuticals completes $100,500 private placement of stock
Company offers 134,000 of its common shares at $0.75 apiece in deal
By Devika Patel
Knoxville, Tenn., June 29 - Innovus Pharmaceuticals, Inc. settled a $100,500 private placement of stock on June 26, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 134,000 common shares at $0.75 apiece. The price per share is a 72.43% discount to the June 25 closing share price of $2.72.
The pharmaceutical company is based in Sierra Madre, Calif.
| Issuer: | Innovus Pharmaceuticals, Inc.
|
| Issue: | Common shares
|
| Amount: | $100,500
|
| Shares: | 134,000
|
| Price: | $0.75
|
| Warrants: | No
|
| Settlement date: | June 26
|
| Stock symbol: | OTCBB: INNV
|
| Stock price: | $2.72 at close June 25
|
| Market capitalization: | $44.02 million
|
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