Deal sells 6,744,251 units of one share and one warrant at $0.17 each
By Devika Patel
Knoxville, Tenn., April 7 - Integral Technologies, Inc. completed $1.15 million private placement of units on March 31, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 6,744,251 units of one common share and one warrant at $0.17 per unit.
Each 18-month warrant will be exercisable at $0.30, a 3.23% discount to the March 28 closing share price of $0.31.
Located in Bellingham, Wash., Integral develops antenna technologies, including a radio-frequency conductive antenna used for handheld wireless devices.
| Issuer: | Integral Technologies, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1,146,523
|
| Units: | 6,744,251
|
| Price: | $0.17
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | $0.30
|
| Settlement date: | March 31
|
| Stock symbol: | OTCBB: ITKG
|
| Stock price: | $0.31 at close March 28
|
| Market capitalization: | $29.67 million
|
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