Company offers 14,285,714 common shares to fund operations
By Devika Patel
Knoxville, Tenn., April 25 - Iron Eagle Group, Inc. priced a $15 million public sale of stock, according to a Form S-1 filed Monday with the Securities and Exchange Commission.
The company will sell 14,285,714 common shares at $1.05 apiece, which is a 23.53% premium to the April 21 closing share price of $0.85.
Proceeds will be used for operations.
The New York company provides construction and contracting services.
| Issuer: | Iron Eagle Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $15 million
|
| Shares: | 14,285,714
|
| Price: | $1.05
|
| Warrants: | No
|
| Pricing date: | April 25
|
| Stock symbol: | Pink Sheets: IEAG
|
| Stock price: | $0.85 at close April 25
|
| Market capitalization: | $9.99 million
|
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